SkyWater Technology, Inc entered into Agreement and Plan of Merger with IonQ, Inc. (effective 2026-01-25).
“On January 25, 2026, SkyWater Technology, Inc., a Delaware corporation (the “Company” or “SkyWater”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with IonQ, Inc., a Delaware corporation (“Parent” or “IonQ”), Iris Merger Subsidiary 1 Inc., a Delaware corporation and a wholly owned subsidiary of IonQ (“Merger Sub 1”), and Iris Merger Subsidiary 2 LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“Merger Sub 2””
Debt Financings
SkyWater Technology, Inc incurred revolving credit of $350 million with Siena Lending Group LLC (as agent) at term SOFR loan rate ... plus applicable margin ranging from 5.0% to 4.0% per ann maturing June 30, 2030.
“The Loan Agreement provides for a revolving line of credit of up to $350 million with scheduled maturity date of June 30, 2030.”
M&A Transactions
SkyWater Technology, Inc completed an acquisition involving Spansion LLC for approximately $93 million (closed 2025-06-30).
“the Transaction in accordance with the terms and conditions of Purchase Agreement, as amended by the Amendment. The purchase price for the Transaction was approximately $93 million, all of which was paid in cash at the closing of the Transaction, comprised of a base purchase price of $73 million plus a payment for working capital of approximately $20”
Tammy J. Miller was elected as Director at SkyWater Technology, Inc.
“On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.”
Andrew D.C. LaFrence was elected as Director at SkyWater Technology, Inc.
“On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.”
Timothy E. Baxter was elected as Director at SkyWater Technology, Inc.
“On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.”
Chunyi (Amy) Leong resigned as Director at SkyWater Technology, Inc.
“On September 15, 2024, Chunyi (Amy) Leong informed SkyWater Technology, Inc. (the “Company”) of her decision to resign from the Company’s Board of Directors (the “Board”) effective September 29, 2024.”
Earnings Releases
SkyWater Technology, Inc reported first quarter 2024 ended March 31, 2024 results: revenue $79.6 million, net income Net loss to shareholders of $5.7 million, or $0.12 per share on a GAAP basis, EPS $0.12 per share on a GAAP basis.
“partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: • Revenue increased 20% year-over-year to a record $79.6 million. • Gross margin decreased to 16.3% on a GAAP basis, compared to 24.9% in Q1 2023, and decreased to 16.9% on a non-GAAP basis, compared to 25.7% in Q1 2023. • Net loss to”
Joseph J. Humke was elected as Director at SkyWater Technology, Inc.
“elected Dennis J. Goetz and Joseph J. Humke to serve on the Board effective April 1, 2024.”
Dennis J. Goetz was elected as Director at SkyWater Technology, Inc.
“elected Dennis J. Goetz and Joseph J. Humke to serve on the Board effective April 1, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.