Everspin Technologies Files 8-K
Ticker: MRAM · Form: 8-K · Filed: Aug 20, 2024 · CIK: 1438423
| Field | Detail |
|---|---|
| Company | Everspin Technologies Inc (MRAM) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 M, $14.55 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, disclosure
TL;DR
Everspin filed an 8-K on Aug 20 for an Aug 14 event. Details TBD.
AI Summary
Everspin Technologies, Inc. filed an 8-K on August 20, 2024, reporting an event that occurred on August 14, 2024. The filing pertains to "Other Events" and "Financial Statements and Exhibits" but does not provide specific details on the nature of these events or any associated financial figures within the provided text.
Why It Matters
This filing indicates a material event or financial update for Everspin Technologies, Inc., requiring disclosure to investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K disclosure without immediate negative or positive financial implications presented.
Key Players & Entities
- Everspin Technologies, Inc. (company) — Registrant
- August 14, 2024 (date) — Earliest event reported
- August 20, 2024 (date) — Date of report
- 5670 W. Chandler Blvd. Suite 130 Chandler, Arizona 85226 (address) — Principal executive offices
FAQ
What specific event occurred on August 14, 2024, that necessitated this 8-K filing?
The provided text does not specify the exact event that occurred on August 14, 2024, only that it is the earliest reported event.
What are the "Other Events" and "Financial Statements and Exhibits" referenced in the filing?
The filing indicates these are the relevant sections, but the specific content of these events or exhibits is not detailed in the provided text.
Is there any financial information or dollar amounts disclosed in this 8-K filing?
No specific financial figures or dollar amounts are mentioned in the provided excerpt of the 8-K filing.
What is the principal business of Everspin Technologies, Inc.?
Everspin Technologies, Inc. is in the Semiconductors & Related Devices industry, as indicated by its Standard Industrial Classification code [3674].
When is Everspin Technologies, Inc.'s fiscal year end?
Everspin Technologies, Inc.'s fiscal year ends on December 31st.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-08-20 16:05:30
Key Financial Figures
- $0.0001 M — ch registered Common Stock, par value $0.0001 MRAM The Nasdaq Stock Market LLC Indi
- $14.55 million — milestones totaling up to approximately $14.55 million for the Company over a span of 2.5 year
Filing Documents
- tm2421932d1_8k.htm (8-K) — 27KB
- tm2421932d1_ex99-1.htm (EX-99.1) — 5KB
- tm2421932d1_ex99-1img001.jpg (GRAPHIC) — 4KB
- 0001104659-24-091269.txt ( ) — 207KB
- mram-20240814.xsd (EX-101.SCH) — 3KB
- mram-20240814_lab.xml (EX-101.LAB) — 33KB
- mram-20240814_pre.xml (EX-101.PRE) — 22KB
- tm2421932d1_8k_htm.xml (XML) — 4KB
01
Item 8.01. Other Events. On August 14, 2024, Everspin Technologies, Inc. (the "Company") received a strategic award to develop a long-term plan to provide manufacturing services for aerospace and defense segments (the "Award"). Under the Award, the Company will provide a plan to mitigate risks to its magnetoresistive random-access memory (MRAM) manufacturing supply chain. Pursuant to the Award, the Company may receive cash payments upon the achievement of certain technical tasks and deliverables. The Award allows for milestones totaling up to approximately $14.55 million for the Company over a span of 2.5 years. On August 20, 2024, the Company issued a press release announcing the above, a copy of which is attached hereto as Exhibit 99.1.
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 99.1 Press release, dated August 20, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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 hereunto duly authorized. Everspin Technologies, Inc. Dated: August 20, 2024 By: /s/ Matt Tenorio Matt Tenorio Interim Chief Financial Officer