secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001451809-23-000101
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime closes $148M asset purchase from Aura Semiconductor; $36M paid at closing
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- Closed acquisition of timing business assets and IP from Aura Entities on December 1, 2023.
- Aggregate purchase price ~$148M; $36M cash paid at closing, subject to customary adjustments.
- Remaining purchase price payable periodically upon delivery of qualifying products containing licensed IP.
- Potential earnout payments up to $120M based on net revenue from licensed-IP products through 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000145180923000101/0001451809-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000145180923000101/sitm-20231201.htm
  HTML page:      https://secwatch.observer/filing/0001451809-23-000101

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