---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108703"
form_type: "8-K"
ticker: null
cik: "0000808326"
company_name: "EMCORE CORP"
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:22:53.705689+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EMCOR sells Broadband and Defense Optoelectronics product lines to Photonics Foundries

## Summary
- Sold substantially all assets and liabilities of Broadband (cable TV, wireless, sensing) and Defense Optoelectronics to Ortel LLC.
- Transaction excludes chip business and wafer fab; company becomes pure-play inertial navigation supplier for aerospace & defense.
- EMCOR provides $5.5M guaranty on EMS provider long-term liabilities; $4.2M not payable until Jan 2026.
- Last-time-buy revenues expected to aggregate ~$7M, of which $1.3M recognized through June 30, 2023.
- Wafer fab operations shut down; company continues to pursue sale of chip business assets.

## SEC filing metadata
- accession: 0001104659-23-108703
- form_type: 8-K
- cik: 0000808326
- company_name: EMCORE CORP
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/808326/000110465923108703/0001104659-23-108703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/808326/000110465923108703/tm2328216d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108703
- JSON: https://secwatch.observer/filing/0001104659-23-108703.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108703.txt

## Key facts
- M&A Transactions
  EMCORE CORP completed a disposition involving Photonics Foundries, Inc. (PF) and Ortel LLC (the Buyer).
  - Action: disposition
  - Counterparty: Photonics Foundries, Inc. (PF) and Ortel LLC (the Buyer)
  source text: Item 2.01 Completion of Acquisition or Disposition of Assets. The disclosures regarding the Purchase Agreement and the Transaction set forth in Item 1.01 above is incorporated by reference into this Item 2.01.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000110465923108703/0001104659-23-108703-index.htm
- Material Agreements
  EMCORE CORP entered into Asset Purchase Agreement with Photonics Foundries, Inc. and Ortel LLC (effective 2023-10-11).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Photonics Foundries, Inc. and Ortel LLC
  - Effective: 2023-10-11
  source text: On October 11, 2023, EMCORE Corporation (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”), by and among the Company, Photonics Foundries, Inc., a Delaware corporation (“PF”), and Ortel LLC a Delaware limited liability company and wholly owned subsidiary of PF (the “Buyer”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000110465923108703/0001104659-23-108703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.