{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-002503","form_type":"8-K","ticker":"PDFS","cik":"0001120914","company_name":"PDF SOLUTIONS INC","filed_at":"2025-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.972654+00:00","generated_at":"2026-05-25T02:58:52.827294+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PDF Solutions closes $130M secureWISE acquisition, funded by new $70M credit facility","bullets":["Acquired secureWISE LLC from Telit IOT Solutions for $130M cash, subject to customary adjustments.","Financed with cash on hand and borrowings under a new $70M credit facility with Wells Fargo.","Credit facility includes $45M revolver and $25M term loan; SOFR-based margins range 2.00%-2.75%.","Covenants require max total net leverage ratio of 3.00x and min fixed charge coverage of 1.25x.","Previous 8-K (Feb 19, 2025) disclosed the Purchase Agreement; transaction closed on March 7, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-002503","json":"https://secwatch.observer/filing/0001558370-25-002503.json","markdown":"https://secwatch.observer/filing/0001558370-25-002503.md","text":"https://secwatch.observer/filing/0001558370-25-002503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120914/000155837025002503/0001558370-25-002503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120914/000155837025002503/pdfs-20250307x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:58:52.827294+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}