---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-008136"
form_type: "8-K"
ticker: null
cik: "0001781405"
company_name: "Odyssey Semiconductor Technologies, Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:40:47.640069+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Odyssey Semiconductor to sell substantially all assets for $9.52M cash

## Summary
- Asset Purchase Agreement with a large semiconductor buyer for $9.52M cash.
- Go-shop period runs to April 1, 2024; company may solicit alternative proposals.
- Closing expected on or around July 1, 2024, subject to stockholder approval and conditions.
- Termination fees: if Seller terminates for superior proposal, larger of 4% of offer or $0.5M; Buyer can terminate without cause for $1.5M.
- Buyer's name withheld until April 1, 2024; buyer described as a large semiconductor company.

## SEC filing metadata
- accession: 0001437749-24-008136
- form_type: 8-K
- cik: 0001781405
- company_name: Odyssey Semiconductor Technologies, Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781405/000143774924008136/0001437749-24-008136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781405/000143774924008136/odii20240312_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-008136
- JSON: https://secwatch.observer/filing/0001437749-24-008136.json
- Plain text: https://secwatch.observer/filing/0001437749-24-008136.txt

## Key facts
- Material Agreements
  Odyssey Semiconductor Technologies, Inc. entered into Asset Purchase Agreement with a large semiconductor company valued at $9,520,000 in cash (effective 2024-03-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: a large semiconductor company
  - Value: $9,520,000 in cash
  - Effective: 2024-03-12
  source text: On March 12, 2024, Odyssey Semiconductor Technologies, Inc., a Delaware corporation (the “ Company ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement ”) with Odyssey Semiconductor, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“ Seller ”), JR2J, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Seller (“ JR2J ”, together with the Seller and the Company, the “ Seller Parties ”), and a large semiconductor company (“ Buyer ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781405/000143774924008136/0001437749-24-008136-index.htm

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