Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
COHERENT CORP. entered into Denso Investment Agreement with Denso Corporation valued at $500,000,000 (effective 2023-10-10).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Denso Corporation
- Value
- $500,000,000
- Effective
- 2023-10-10
Exact text from the filing
On October 10, 2023, Silicon Carbide LLC (“Silicon Carbide”), a wholly owned subsidiary of Coherent Corp. (the “Company”), entered into (i) an investment agreement (the “Denso Investment Agreement”), dated as of October 10, 2023, with Denso Corporation (“Denso”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to Denso 16,666,667 Class A Common Units of Silicon Carbide (the “Common Units”) for an aggregate purchase price of $500,000,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
COHERENT CORP. entered into MELCO Investment Agreement with Mitsubishi Electric Corporation valued at $500,000,000 (effective 2023-10-10).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Mitsubishi Electric Corporation
- Value
- $500,000,000
- Effective
- 2023-10-10
Exact text from the filing
(ii) an investment agreement (the “MELCO Investment Agreement”, and together with the Denso Investment Agreement, the “Investment Agreements”), dated as of October 10, 2023, with Mitsubishi Electric Corporation (“MELCO”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to MELCO 16,666,667 Common Units for an aggregate purchase price of $500,000,000
View on SEC.gov