secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K/A
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-032861
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell closes Celestial AI acquisition; issues ~24.6M shares, projects $500M revenue run-rate by Q4 FY28
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- Closed acquisition of Celestial AI on Feb 2, 2026; issued 24,601,976 unregistered shares.
- Assumed ~3.0M Celestial options; potential earnout up to $2.25B (first milestone: cumulative revenue ≥$500M by FY2029 end).
- Full earnout paid if cumulative revenue exceeds $2.0B by end of FY2029.
- Expects initial revenue H2 FY2028; $500M annualized run-rate Q4 FY2028, doubling to $1B Q4 FY2029.
- Adds ~$50M annual non-GAAP OpEx; cash down $1B reducing interest income ~$38M/yr; diluted shares +27M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000119312526032861/0001193125-26-032861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000119312526032861/d45933d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-032861

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