{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-155467","form_type":"8-K","ticker":"SKYT","cik":"0001819974","company_name":"SkyWater Technology, Inc","filed_at":"2025-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.124219+00:00","generated_at":"2026-05-18T09:29:12.279470+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SkyWater completes $93M acquisition of Infineon's Austin 200mm fab, secures $350M credit facility","bullets":["Closed acquisition of Spansion Fab 25 LLC (Infineon 200mm fab) for ~$93M cash on June 30, 2025.","Amendment increased base purchase price by $18M and eliminated a $25M supply agreement payment.","Entered $350M revolving credit facility with Siena, BSP, GRC, Ares, maturing 2030, to refinance and fund acquisition.","Loan carries SOFR-based rates; requires $10M minimum EBITDA and liquidity of $70M after sale-leaseback.","Financial statements for acquired business to be filed by amendment no later than September 16, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-155467","json":"https://secwatch.observer/filing/0001193125-25-155467.json","markdown":"https://secwatch.observer/filing/0001193125-25-155467.md","text":"https://secwatch.observer/filing/0001193125-25-155467.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/d90812d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:29:12.279470+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"13972a6935033ebad892eccf7e70df82854df4cf","claim":"SkyWater Technology, Inc incurred revolving credit of $350 million with Siena Lending Group LLC (as agent) at term SOFR loan rate ... plus applicable margin ranging from 5.0% to 4.0% per ann maturing June 30, 2030.","evidence_excerpt":"The Loan Agreement provides for a revolving line of credit of up to $350 million with scheduled maturity date of June 30, 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$350 million"},{"label":"Counterparty","value":"Siena Lending Group LLC (as agent)"},{"label":"Rate","value":"term SOFR loan rate ... plus applicable margin ranging from 5.0% to 4.0% per ann"},{"label":"Maturity","value":"June 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1dcd307821a4b5673b0331d52068ebfadedea547","claim":"SkyWater Technology, Inc completed an acquisition involving Spansion LLC for approximately $93 million (closed 2025-06-30).","evidence_excerpt":"the Transaction in accordance with the terms and conditions of Purchase Agreement, as amended by the Amendment. The purchase price for the Transaction was approximately $93 million, all of which was paid in cash at the closing of the Transaction, comprised of a base purchase price of $73 million plus a payment for working capital of approximately $20","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Spansion LLC"},{"label":"Consideration","value":"approximately $93 million"},{"label":"Closing","value":"2025-06-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}