M&A
confidence high
sentiment positive
materiality 1.00
IonQ to acquire SkyWater for $35/share in cash-and-stock deal valued at ~$1.8B
SkyWater Technology, Inc
- Purchase price $35/share: $15 cash + $20 IonQ stock; 38% premium to 30-day VWAP.
- Deal valued at ~$1.8B total equity; SkyWater shareholders will own 4.4-6.7% of combined company.
- Expected close Q2/Q3 2026, subject to SkyWater shareholder approval and regulatory clearances.
- SkyWater to operate as wholly owned subsidiary; Thomas Sonderman remains CEO of subsidiary.
- IonQ expects 2025 revenue at high end or above $106-110M range.