secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-10-07T23:59:59+00:00
Accession:  0001558370-22-014904
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin subcontracts with QuickLogic for U.S. government SRH FPGA project
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- Agreement dated Oct 3, 2022; subcontracts development portion of Prime Contract (July 27, 2022) for strategic radiation-hardened FPGA.
- Everspin receives cash payments upon achieving technical milestones and deliverables under the Agreement.
- Non-exclusive, limited IP license granted to QuickLogic for development; royalty-bearing commercial license available upon payment of initial fees.
- Everspin retains right to manufacture the MRAM portion of the product specified in the Prime Contract.
- Term ends upon completion of deliverables unless options are exercised for additional deliverables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022014904/0001558370-22-014904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022014904/mram-20221003x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014904

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