ACM Research to Acquire Ultra Clean Holdings
Ticker: ACMR · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1680062
| Field | Detail |
|---|---|
| Company | Acm Research, Inc. (ACMR) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, semiconductor, merger
TL;DR
ACM Research buying UCHI to boost semiconductor game. Deal expected Q2.
AI Summary
ACM Research, Inc. announced on March 12, 2024, that it has entered into a definitive agreement to acquire substantially all of the assets of privately held company, Ultra Clean Holdings, Inc. (UCHI). The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions. This strategic move aims to expand ACM Research's product and service offerings in the semiconductor manufacturing equipment sector.
Why It Matters
This acquisition could significantly expand ACM Research's market presence and technological capabilities within the semiconductor industry, potentially leading to increased competition and innovation.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry risks related to integration, market reception, and potential overpayment, which could impact ACM Research's financial performance.
Key Players & Entities
- ACM Research, Inc. (company) — Registrant
- Ultra Clean Holdings, Inc. (company) — Acquisition Target
- UCHI (company) — Abbreviation for Acquisition Target
- March 12, 2024 (date) — Date of Agreement
- second quarter of 2024 (date) — Expected Closing Period
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing reports on ACM Research, Inc.'s entry into a definitive agreement to acquire substantially all of the assets of Ultra Clean Holdings, Inc.
When was the definitive agreement to acquire Ultra Clean Holdings signed?
The definitive agreement was entered into on March 12, 2024.
What is the expected closing timeframe for the acquisition?
The acquisition is expected to close in the second quarter of 2024.
What type of company is Ultra Clean Holdings, Inc.?
Ultra Clean Holdings, Inc. is a privately held company.
What are the conditions for the closing of the acquisition?
The closing of the acquisition is subject to customary closing conditions.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-03-21 09:00:23
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share ACMR The Nasdaq Stock Mar
Filing Documents
- ef20024745_8k.htm (8-K) — 31KB
- ef20024745_ex99-1.htm (EX-99.1) — 73KB
- image00001.jpg (GRAPHIC) — 1KB
- 0001140361-24-014509.txt ( ) — 252KB
- acmr-20240312.xsd (EX-101.SCH) — 4KB
- acmr-20240312_lab.xml (EX-101.LAB) — 21KB
- acmr-20240312_pre.xml (EX-101.PRE) — 16KB
- ef20024745_8k_htm.xml (XML) — 4KB
01
Item 8.01 Other Events. The shares of our operating subsidiary ACM Research (Shanghai), Inc. ("ACM Shanghai") are listed on the Sci-Tech innovation board (the "STAR Market") of the Shanghai Stock Exchange (the "SSE"). In accordance with the SSE's rules governing the STAR Market, ACM Shanghai filed with the SSE a Record of March 2024 Investor Relations Activity (the "Record"). The SSE posted the Record to the SSE's website on March 12, 2024. A copy of the Record is attached as Exhibit 99.1 hereto. The information in this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of ACM Research, Inc. under the Securities Act of 1933, as amended.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1* Record of March 2024 Investor Relations Activity filed by ACM Research (Shanghai), Inc. with the Shanghai Stock Exchange on March 12, 2024 104 Cover Page Interactive Data File (embedded within the XBRL document) * Unofficial English translation of original document prepared in Mandarin Chinese. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ACM RESEARCH, INC. By: /s/ Mark McKechnie Mark McKechnie Chief Financial Officer and Treasurer Dated: March 21, 2024 3