---
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"
generated_at: "2026-05-25T02:58:52.827294+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PDF Solutions closes $130M secureWISE acquisition, funded by new $70M credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002503
- JSON: https://secwatch.observer/filing/0001558370-25-002503.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002503.txt

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