secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001628280-26-028432
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026028432/0001628280-26-028432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026028432/mram-20260424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-028432

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