SKYT holders should tender their shares to receive the merger consideration ($15.00 cash + 0.4883 IonQ shares per SKYT share). The stock is delisted and will be deregistered — there is no further trading in SKYT. Monitor IonQ (IONQ) for post-merger integration and combined company performance.
Price Chart
Executive Summary
SkyWater Technology, Inc. was acquired by IonQ, Inc. in a two-step merger completed on July 31, 2026. Each share of SKYT common stock was converted into $15.00 cash and 0.4883 shares of IonQ common stock. The acquisition triggered the termination of SkyWater's credit facility, the delisting of SKYT from Nasdaq, the resignation of all SkyWater directors, and the conversion of SkyWater into a wholly-owned LLC subsidiary of IonQ. This is a terminal event for SKYT holders — the stock is being cashed out and deregistered.
Key Facts
- SkyWater was acquired by IonQ in a merger completed on July 31, 2026.
- Each SKYT share converted into $15.00 cash plus 0.4883 IonQ shares.
- SKYT common stock was delisted from Nasdaq and trading was halted prior to the opening on the closing date.
- SkyWater's existing revolving credit facility was repaid and terminated with no material early termination penalties.
- All eight SkyWater directors resigned effective at the merger close.
- SkyWater was converted into a Delaware LLC (SkyWater Technology, LLC) wholly owned by IonQ.
- Outstanding SkyWater stock options and employee RSUs were converted into IonQ equity awards at a 0.8546 exchange ratio.
- Director RSUs fully vested and settled prior to the merger effective time.
Financial Impact
Each SKYT share received $15.00 cash plus 0.4883 IonQ shares. Total consideration value depends on IonQ's stock price at closing.
Risk Factors
- Appraisal rights may be available for dissenting shareholders under Delaware law.
- The value of the stock component of the merger consideration depends on IonQ's post-merger stock price.
- Post-merger integration risk for IonQ in absorbing SkyWater's operations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (SKYT) — Batch item 1 | 0001193125-26-327137 |
| Document: d49031d8k.htm | 0001193125-26-327137 |
| Document: d49031dex34.htm | 0001193125-26-327137 |
| Document: d49031dex31.htm | 0001193125-26-327137 |
| Document: d49031dex33.htm | 0001193125-26-327137 |
| Document: 0001193125-26-327137-index-headers.html | 0001193125-26-327137 |
| Document: 0001193125-26-327137-index.html | 0001193125-26-327137 |
| Document: 0001193125-26-327137.txt | 0001193125-26-327137 |
| 8-K Filing (SKYT) — Batch item 9 | 0001193125-26-327137 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 15-12G | $32.46 awaiting T+20 | awaiting T+20 | — | — |
Jul 31, 2026 9w ago | 25-NSE | $32.44 awaiting T+20 | awaiting T+20 | — | — |
Jul 31, 2026 9w ago | 8-K | $32.44 awaiting T+20 | awaiting T+20 | — | — |
Jun 11, 2026 16w ago | Institutional Cluster | $35.80 $33.39 | ▼ −6.73% | ▼ −8.62% | — |
Apr 28, 2026 22w ago | 425 | $30.51 $38.97 | ▲ +27.73% | ▲ +21.68% | — |
Apr 27, 2026 22w ago | DEFA14A | $31.82 $37.37 | ▲ +17.44% | ▲ +12.49% | — |
Apr 24, 2026 22w ago | 425 | $31.82 $37.37 | ▲ +17.44% | ▲ +12.49% | — |
Apr 24, 2026 22w ago | 8-K | $31.82 $37.37 | ▲ +17.44% | ▲ +12.49% | — |
Apr 21, 2026 23w ago | 425 | $34.29 $34.25 | ▼ −0.12% | ▼ −3.28% | — |
Apr 14, 2026 24w ago | 425 | $32.24 $35.59 | ▲ +10.39% | ▲ +4.35% | — |
US Market Status
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