Liquidmetal Technologies Enters Material Definitive Agreement

TL;DR

LQMT signed a big deal, details TBD.

AI Summary

Liquidmetal Technologies, Inc. announced on March 15, 2024, that it entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its terms, or any associated dollar amounts. The company is based in Lake Forest, California.

Why It Matters

This filing indicates a significant new contract or partnership for Liquidmetal Technologies, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• Liquidmetal Technologies, Inc. (company) — Registrant
• March 15, 2024 (date) — Date of earliest event reported
• Lake Forest, CA (location) — Principal Executive Offices

FAQ

Filing Documents

• lqmt20240318_8k.htm (8-K) — 26KB
• ex_641229.htm (EX-10.1) — 208KB
• 0001437749-24-008536.txt ( ) — 388KB
• lqmt-20240315.xsd (EX-101.SCH) — 3KB
• lqmt-20240315_def.xml (EX-101.DEF) — 10KB
• lqmt-20240315_lab.xml (EX-101.LAB) — 14KB
• lqmt-20240315_pre.xml (EX-101.PRE) — 10KB
• lqmt20240318_8k_htm.xml (XML) — 3KB

01. Entry into Material Definitive Agreement

Item 1.01. Entry into Material Definitive Agreement. On March 15, 2024, Liquidmetal Technologies, Inc. (the "Company") entered into a First Amendment to License Agreement (the "First Amendment") with Amorphology Inc. ("Amorphology"), which amended a License Agreement, dated November 22, 2019, previously entered into by the Company and Amorphology (the "Original License Agreement," and together with the First Amendment, the "Amended License Agreement"). The Company has determined that, as a result of the First Amendment, the Amended License Agreement has become a material definitive agreement of the Company. The following is a description of the material terms and conditions of the Amended License Agreement: The Amended License Agreement grants Amorphology a non-exclusive royalty bearing license under all patents, patent applications, and technical information of the Company in existence as of the date of the First Amendment to make, use, offer to sell, sell, export, and import products utilizing Engel injection molding machines in a field of use consisting of the worldwide industry for amorphous metal parts and components, excluding consumer electronic products, jewelry, certain luxury products, and other product categories that are subject to a license grant to third parties. The license extends to all territories worldwide other than (without the consent of the Company and other third parties that may hold license rights) Brunei, Cambodia, China (P.R.C. and R.O.C.), East Timor, Indonesia, Japan, Laos, Malaysia, Myanmar, North Korea, Philippines, Singapore, South Korea, Thailand, and Vietnam. The license bears a running royalty equal to a percentage of Amorphology's sales of licensed products as well as for sales to customers referred to Amorphology by the Company. The Company may also utilize Amorphology as a third party contract manufacturer. The Amended License Agreement is for a term of five (5) years, with automatic 1-year extensions unless terminated by ei

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 License Agreement, dated November 22, 2019, between Liquidmetal Technologies, Inc. and Amorphology Inc., as amended by First Amendment to License Agreement, dated March 15, 2024.* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Certain portions of this exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K. The omitted information is (i) not material and (ii) would likely cause us competitive harm if publicly disclosed.

SIGNATURES

SIGNATURES 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 thereunder duly authorized. LIQUIDMETAL TECHNOLOGIES, INC. By: /s/ Tony Chung Tony Chung, Chief Executive Officer (Principal Executive Officer) Date: March 19, 2024

View Full Filing

View this 8-K filing on SEC EDGAR