secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001193125-22-231425
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi Holding files Form 10 to spin off product business as Xperi Inc.; reveals pro forma financials
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- Spin-off distributes 100% of Xperi Inc. stock to XPER holders at ratio of 4 shares for every 10 held.
- Pro forma H1 2022 revenue $245M, net loss $61M; FY2021 revenue $486M, net loss $178M.
- Non-GAAP adjusted EBITDA improved to $14.6M (H1 2022) from $13.8M (FY2021).
- Spin-off includes $50M senior promissory note at 6.0% to finance Vewd acquisition.
- Xperi Inc. will be an independent, publicly traded entity following separation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000119312522231425/0001193125-22-231425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000119312522231425/d375152d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-231425

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