secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001193125-23-265658
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumentum to acquire Cloud Light for $750M; Q1 revenue ~$317M above guidance
---------------------------------------------------------------------------

- Acquisition of Cloud Light valued at ~$750M, paid in cash and assumption of unvested options; expected to close by end of 2023.
- Cloud Light's last-12-month revenue >$200M, >90% from 400G+ modules; 800G modules over half of recent revenue.
- Lumentum expects Q1 FY2024 revenue ~$317M (above August guidance midpoint) and non-GAAP EPS above midpoint; full results Nov 8.
- Transaction expected to be immediately accretive to non-GAAP EPS and more than double cloud intra-data center revenue in 12 months post-close.
- Boards and Cloud Light shareholders unanimously approved; no Lumentum stockholder vote required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312523265658/0001193125-23-265658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312523265658/d575524d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-265658

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