---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-122705"
form_type: "8-K"
ticker: "SNDK"
cik: "0002023554"
company_name: "Sandisk Corp"
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:06:54.733087+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sandisk to invest $1.0B in Nanya for ~3.9% stake at 15% discount; DRAM supply deal

## Summary
- Sandisk Technologies to purchase 138.7M Nanya shares for ~$1.0B (NTD 31.05B), a 15% discount to 30-day average.
- The investment represents ~3.9% of Nanya's fully diluted outstanding shares.
- Nanya will supply Sandisk with DRAM products under a multi-year strategic supply agreement.
- Shares subject to 3-year lock-up under Taiwan law; closing expected within 15 days.
- Transaction requires regulatory approvals including post-closing TWSE and FSC filings.

## SEC filing metadata
- accession: 0001193125-26-122705
- form_type: 8-K
- ticker: SNDK
- cik: 0002023554
- company_name: Sandisk Corp
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2023554/000119312526122705/0001193125-26-122705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2023554/000119312526122705/d136592d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-122705
- JSON: https://secwatch.observer/filing/0001193125-26-122705.json
- Plain text: https://secwatch.observer/filing/0001193125-26-122705.txt

## Key facts
- Material Agreements
  Sandisk Corp entered into Equity Investment Agreement with Nanya Technology Corporation valued at approximately $1.0 billion (effective 2026-03-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Nanya Technology Corporation
  - Value: approximately $1.0 billion
  - Effective: 2026-03-25
  source text: On March 25, 2026, Sandisk Technologies, Inc. (the “Company”), a wholly-owned subsidiary of Sandisk Corporation, entered into a Private Placement Subscription Agreement (the “Equity Investment Agreement”) with Nanya Technology Corporation (“Nanya”), pursuant to which the Company agreed to make a strategic equity investment in Nanya through a private placement of Nanya common stock (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2023554/000119312526122705/0001193125-26-122705-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.