Mergers & Acquisitions ·
SkyWater Technology completed its merger with IonQ on July 31, 2026, resulting in SkyWater becoming a wholly-owned…
SKYTSkyWater Technology, LLC
SkyWater Technology completed its merger with IonQ on July 31, 2026, resulting in SkyWater becoming a wholly-owned subsidiary renamed SkyWater Technology, LLC. Each outstanding share of SkyWater common stock was converted into $15.00 in cash and 0.4883 shares of IonQ common stock. The transaction triggered the delisting of SkyWater's common stock from Nasdaq and the termination of its existing revolving credit facility without material penalties. All eight members of SkyWater’s board of directors resigned effective at the closing. This company operates in the semiconductor industry, specializing in custom silicon design and manufacturing services.