secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001587523-24-000102
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles closes $150M sale of consumer MEMS microphone business to Syntiant
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- Total consideration: $70M cash plus $80M in Syntiant Series D-2 preferred stock.
- Knowles provided $6.4M financing to Syntiant and granted up to $13.5M credit for separation costs.
- Knowles obtains board observer rights on Syntiant's board as long as it holds sufficient preferred shares.
- Pro forma shows CMM segment removal turns net loss of $256M to net earnings of $13M for 9M 2024.
- CEO states sale marks milestone in transformation to industrial technology company focusing on higher-value markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000102/0001587523-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752324000102/kn-20241227.htm
  HTML page:      https://secwatch.observer/filing/0001587523-24-000102

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