---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-028432"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:41:52.424806+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin signs $40M IDIQ subcontract for Toggle MRAM RDT&E under Navy prime contract

## Summary
- Total contract value $40M firm-fixed-price; 30-month period from April 2026 to November 2028.
- Subcontract with Amentum Services Inc. under NSWC Crane prime contract for Microelectronics RDT&E.
- Everspin to develop on-shore Toggle MRAM production capability and provide process technology/IP.
- Milestone-based payments; termination for convenience only if NSWC Crane terminates prime contract, with cost reimbursement.
- Option periods may be unilaterally exercised by Amentum; performance can be extended up to six months.

## SEC filing metadata
- accession: 0001628280-26-028432
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000162828026028432/0001628280-26-028432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000162828026028432/mram-20260424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-028432
- JSON: https://secwatch.observer/filing/0001628280-26-028432.json
- Plain text: https://secwatch.observer/filing/0001628280-26-028432.txt

## Source-grounded claims
- claim_id: c48af8ad7ac33df23814184a6cb7ab485bf3e4df
  claim: EVERSPIN TECHNOLOGIES INC. entered into Subcontract Number S26-03-01 and a Statement of Work with Amentum Services Inc. valued at $40,000,000 (effective 2026-04-24).
  evidence_excerpt: On April 24, 2026, Everspin Technologies, Inc. (the “Company”) and Amentum Services Inc. (“Contractor”) entered into Subcontract Number S26-03-01 and a Statement of Work (collectively, the “Agreement”), structured as an IDIQ Subcontract with Firm Fixed Price Task Orders, in connection with the Microelectronics Research, Development, Test, and Evaluation (“RDT&E”) program under Prime Contract Number FA8075-18-D-0014
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000162828026028432/0001628280-26-028432-index.htm

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