secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001104659-24-089609
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin signs $9.25M joint development deal with Frontgrade for radiation-hardened MRAM
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- Contract with Frontgrade Colorado Springs for SRH high-reliability eMRAM macro for aerospace/defense.
- Total potential value up to $9.25M across multiple phases; current phase $1.25M.
- Everspin provides PERSYST MRAM tech, logic design, and back-end-of-line manufacturing.
- Manufactured via Skywater RH90 CMOS in MN and Everspin's MRAM process in Chandler, AZ.
- Term is 5 years with automatic one-year renewals; IP developed is owned by Frontgrade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000110465924089609/0001104659-24-089609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000110465924089609/tm2421699d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-089609

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer