secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001437749-23-027390
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEVA completes sale of Intrinsix Corp. to Cadence for $35M cash
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- Sale closed Oct 2, 2023; Intrinsix now a wholly owned subsidiary of Cadence Design Systems.
- $35M gross consideration less $7.5M intercompany repayment, net ~$27.5M.
- $300K escrow for post-closing adjustments; $3.5M escrow held 18 months for indemnification.
- Sale previously announced Sep 14, 2023 under Share Purchase Agreement filed as Exhibit 2.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774923027390/0001437749-23-027390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774923027390/ceva20231001_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027390

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