secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K/A
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001819974-25-000037
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater files Fab 25 acquisition financials: FY2024 revenue $335.5M, net assets $176.8M
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- FY2024 revenue $335.5M; net revenues after direct expenses $25.9M (7.7% margin).
- Audited net assets acquired $176.8M as of Sep 2024; total assets $245.3M, liabilities $68.4M.
- All revenue from related-party sales to Infineon (sole customer).
- Transaction closed June 30, 2025; long-term supply agreement with Infineon in place.
- Pro forma combined statements filed reflecting acquisition and debt financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000037/0001819974-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000037/skyt-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001819974-25-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer