SkyWater Technology, Inc. Form 8-K Filing

This Form 8-K filing by SkyWater Technology, Inc. reports on the completion of its merger with IonQ, Inc. The merger, effective July 31, 2026, resulted in SkyWater Technology, LLC (formerly Iris Merger Subsidiary 2 LLC) surviving as a wholly-owned subsidiary of IonQ, Inc. (Parent). The filing details the termination of SkyWater's existing revolving credit facility and its loan agreement with Siena Lending Group LLC. In connection with the merger, each outstanding share of SkyWater common stock was converted into the right to receive $15.00 in cash and 0.4883 shares of IonQ common stock. Outstanding stock options and restricted stock units were also converted into corresponding awards for IonQ common stock. The filing also notes the delisting of SkyWater's common stock from the Nasdaq Capital Market and the subsequent deregistration of the stock. Furthermore, the departure of SkyWater's directors and amendments to its corporate structure are reported.