secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001104659-24-090493
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi subsidiary Perceive Corp agrees to sell assets to Amazon for $80M cash
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- Xperi's 76.2%-owned subsidiary Perceive Corp signs asset purchase agreement with Amazon.com Services LLC for $80M in cash.
- Transaction covers substantially all assets and certain liabilities of Perceive, including a holdback for indemnification obligations.
- Closing subject to regulatory approvals and customary conditions; deal may be terminated if not closed within 90 days (6 months for regulatory).
- Post-closing, Xperi and Perceive are bound by 3-year restrictive covenants limiting competing business activities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000110465924090493/0001104659-24-090493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000110465924090493/tm2421774d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-090493

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