MagnaChip amends termination agreement; $4.8M balance due June 30, 2022

MAGNACHIP SEMICONDUCTOR Corp

Parent paid $14.4M on April 4, 2022 as part of the $70.2M termination fee.
Remaining $4.8M secured by new standby letter of credit, due by June 30, 2022.
Total of $65.4M of the termination fee has now been received.
Merger was terminated in December 2021 after CFIUS clearance was not obtained.

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