SkyWater to be acquired by IonQ for $15 cash + IonQ shares (~$35 total per share)

SkyWater Technology, Inc

Each SkyWater share converts into $15 cash plus a variable number of IonQ shares (exchange ratio collared between 0.3326 and 0.5265).
Total implied consideration of approximately $35 per SkyWater share at mid-range; actual value depends on IonQ stock price.
SkyWater board unanimously approved and recommends stockholders adopt the merger.
Stockholders holding ~19.87% of voting power have agreed via voting agreement to vote in favor.
Closing conditions include SkyWater stockholder approval, HSR clearance, and no material adverse effect; expected by Jan 25, 2027.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SkyWater Technology, Inc entered into Agreement and Plan of Merger with IonQ, Inc. (effective 2026-01-25).

Action: entry
Agreement: merger
Counterparty: IonQ, Inc.
Effective: 2026-01-25

Exact text from the filing

On January 25, 2026, SkyWater Technology, Inc., a Delaware corporation (the “Company” or “SkyWater”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with IonQ, Inc., a Delaware corporation (“Parent” or “IonQ”), Iris Merger Subsidiary 1 Inc., a Delaware corporation and a wholly owned subsidiary of IonQ (“Merger Sub 1”), and Iris Merger Subsidiary 2 LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“Merger Sub 2”

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284 material agreements filed in the last 30 days. Browse all material agreements →

SkyWater Technology, Inc filing history →

Source: SEC EDGAR

accession 0001193125-26-022750

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