Marvell Technology Files 8-K

TL;DR

MRVL filed an 8-K, likely disclosing material info. Watch for details.

AI Summary

Marvell Technology, Inc. filed an 8-K on December 2, 2024, to report other events and a Regulation FD disclosure. The filing does not contain specific financial figures or details about the nature of the events reported.

Why It Matters

This filing indicates Marvell Technology is disclosing material information to the public, which could impact investor understanding of the company's current status.

Risk Assessment

Risk Level: low — The filing is a standard disclosure form without immediate negative or positive financial implications detailed within the provided text.

Key Players & Entities

• Marvell Technology, Inc. (company) — Registrant
• 0001835632-24-000193 (filing_id) — Accession Number
• December 2, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $87.7706 — rice per share of Common Stock equal to $87.7706 (the "Exercise Price"). The Exercise Pr

Filing Documents

• mrvl-20241202.htm (8-K) — 31KB
• final2024_12x02xmarvell-.htm (EX-99.1) — 5KB
• final2024_12x02xmarvell-001.jpg (GRAPHIC) — 238KB
• final2024_12x02xmarvell-002.jpg (GRAPHIC) — 95KB
• mrvl-20241202_g1.jpg (GRAPHIC) — 162KB
• 0001835632-24-000193.txt ( ) — 909KB
• mrvl-20241202.xsd (EX-101.SCH) — 2KB
• mrvl-20241202_lab.xml (EX-101.LAB) — 22KB
• mrvl-20241202_pre.xml (EX-101.PRE) — 13KB
• mrvl-20241202_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The information in Item 7.01 of this Current Report, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of Section 18. The information in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of any general incorporation language contained in such filing. On December 2, 2024, Marvell Technology, Inc. (together with its affiliates collectively, the "Company") issued a press release announcing an expanded strategic collaboration with the Customer (as defined below). A copy of the press release is furnished herewith as Exhibit 99.1.

01 Other Events

Item 8.01 Other Events. On December 2, 2024, the Company announced that it has expanded its strategic collaboration with Amazon Web Services (collectively with its affiliates "Customer"), and in connection therewith the Company and the Customer entered into a Warrant and related Transaction Agreement under which, among other things, the Company agreed to issue to an affiliate of the Customer ("Warrantholder"), a warrant (the "Warrant") to acquire up to 4,180,683 shares (the "Warrant Shares") of Company common stock. Approximately 3.9 million Warrant Shares vest based on Company revenue through January 5, 2030 from Customer purchases of Company products, indirectly or directly, of which approximately 2.7 million Warrant Shares are for revenue from the Company's custom artificial intelligence products and approximately 1.2 million Warrant Shares are for revenue from the Company's other products. The balance of the Warrant Shares either vested upon issuance of the Warrant or are subject to time-based vesting. The Transaction Agreement includes customary representations, warranties and covenants of the parties and sets forth certain provisions relating to Warrantholder's equity interest in the Company. The Warrant and the Warrant Shares have not been registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and rules and regulations of the U.S. Securities and Exchange Commission promulgated thereunder.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release dated December 2 , 2024, titled " Marvell Expands Strategic Collaboration with AWS to Enable Accelerated Infrastructure for AI in the Cloud " 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MARVELL TECHNOLOGY, INC. Date: December 2, 2024 By: /s/ Mark Casper Mark Casper EVP, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR