secwatch.observer — SEC 8-K summary
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Issuer:     Penumbra Inc (PEN)
CIK:        0001321732
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001321732-21-000094
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Penumbra completes acquisition of Sixense Enterprises for ~$300M in stock and options
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- Merger closed Oct 1, 2021; Sixense becomes wholly owned subsidiary of Penumbra.
- Consideration: 661,877 Penumbra shares valued at $185.9M (VWAP $280.88) plus cash for fractional shares.
- Options to purchase Sixense stock exchanged for options to buy 447,017 Penumbra shares valued at $114.1M.
- Penumbra and Sixense previously partners in MVI Health Inc., a VR healthcare joint venture formed in 2017.
- Penumbra purchased additional 40% of MVI from Sixense in Aug 2018 for $20M plus potential $4.5M anti-dilution payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321732/000132173221000094/0001321732-21-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321732/000132173221000094/pen-20211001.htm
  HTML page:      https://secwatch.observer/filing/0001321732-21-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer