secwatch.observer — SEC 8-K summary
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Issuer:     Transphorm, Inc. (—)
CIK:        0001715768
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001193125-24-164045
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Transphorm acquired by Renesas for $5.10/share; stock to be delisted
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- Merger completed June 20, 2024; shareholders receive $5.10 per share in cash.
- Total consideration ~$345 million paid from Renesas's cash on hand.
- All directors and officers (Parikh, Mishra, McAulay) replaced; Chittipeddi sole director.
- Common stock to be delisted from Nasdaq and deregistered under Exchange Act.
- Pre-closing credit facility amended to allow $15M borrowing; post-closing reduced to $3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715768/000119312524164045/0001193125-24-164045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715768/000119312524164045/d823213d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-164045

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