Qualcomm agrees to acquire Modular Inc. for up to 19.2M shares in private placement

QUALCOMM INC/DE

On June 21, 2026, Qualcomm entered a definitive agreement to acquire Modular Inc.
Consideration: up to 19.2 million shares of Qualcomm common stock issued to Modular's equity owners.
Shares issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506.
Acquisition subject to customary closing conditions; no expected close date or dollar value disclosed.

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