---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-286509"
form_type: "8-K"
ticker: "AVNW"
cik: "0001377789"
company_name: "AVIAT NETWORKS, INC."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:16:35.378531+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aviat closes NEC wireless transport buy for $65.5M; price trimmed by $4.5M on delayed Malaysia assets

## Summary
- Final purchase price $65.5M ($42.1M cash + $23.4M stock); down from $70M originally announced.
- Stock consideration fixed at $31.74/share; 736,750 shares issued (50,990 fewer vs original).
- Delayed transfer of Malaysian assets accounts for ~7% of the expected $150M annual run-rate revenue.
- Acquisition closed Nov 30, 2023; FY2024 guidance update to be provided on Q2 earnings call.
- Entered multiple ancillary agreements: registration rights/lock-up, supply, transition services, IP licenses.

## SEC filing metadata
- accession: 0001193125-23-286509
- form_type: 8-K
- ticker: AVNW
- cik: 0001377789
- company_name: AVIAT NETWORKS, INC.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/d37057d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-286509
- JSON: https://secwatch.observer/filing/0001193125-23-286509.json
- Plain text: https://secwatch.observer/filing/0001193125-23-286509.txt

## Key facts
- M&A Transactions
  AVIAT NETWORKS, INC. completed an acquisition involving NEC Corporation for $45.0 million cash and $25 million in Company common stock (closed 2023-11-30).
  - Action: acquisition
  - Counterparty: NEC Corporation
  - Consideration: $45.0 million cash and $25 million in Company common stock
  - Closing: 2023-11-30
  source text: NEC relating to NEC’s wireless backhaul business (the “Transaction”). Consideration due at the closing of the Transaction (the “Closing”) includes (i) an amount in cash equal to $45.0 million, subject to certain post-closing adjustments (the “Cash Consideration”), and (ii) the issuance of $25 million in Company common stock, par value $0.01 per share (the “Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- Material Agreements
  AVIAT NETWORKS, INC. entered into MSA with NEC Platforms, Ltd. (effective 2023-11-30).
  - Action: entry
  - Agreement: supply
  - Counterparty: NEC Platforms, Ltd.
  - Effective: 2023-11-30
  source text: On November 30, 2023, the Company entered into a Manufacturing and Supply Agreement (“MSA”), by and among the Company, NEC Platforms, Ltd., a Japan limited company (“NECPF”) and NEC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- Material Agreements
  AVIAT NETWORKS, INC. entered into Trademark License Agreement with NEC (effective 2023-11-30).
  - Action: entry
  - Agreement: license
  - Counterparty: NEC
  - Effective: 2023-11-30
  source text: On November 30, 2023, the Company entered into a Trademark License Agreement with NEC (the “Pasolink Licensing Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- Material Agreements
  AVIAT NETWORKS, INC. entered into Global Transition Services Agreement with NEC (effective 2023-11-30).
  - Action: entry
  - Agreement: lease
  - Counterparty: NEC
  - Effective: 2023-11-30
  source text: Item 1.01 Entry into a Material Definitive Agreement MSBA Amendment On November 30, 2023, the Company and NEC entered into an Amendment to the Master Sale of Business Agreement (the “MSBA Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- Material Agreements
  AVIAT NETWORKS, INC. entered into Registration Rights and Lock-Up Agreement with NEC (effective 2023-11-30).
  - Action: entry
  - Counterparty: NEC
  - Effective: 2023-11-30
  source text: On November 30, 2023, the Company entered into a Registration Rights and Lock-Up Agreement (the “Registration Rights and Lock-Up Agreement”) with NEC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm
- Material Agreements
  AVIAT NETWORKS, INC. amended MSBA Amendment with NEC valued at from $70.0 million to $65.5 million (effective 2023-11-30).
  - Action: amendment
  - Counterparty: NEC
  - Value: from $70.0 million to $65.5 million
  - Effective: 2023-11-30
  source text: On November 30, 2023, the Company and NEC entered into an Amendment to the Master Sale of Business Agreement (the “MSBA Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377789/000119312523286509/0001193125-23-286509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.