secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001193125-22-097445
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522097445/0001193125-22-097445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522097445/d347902d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-097445

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