M&A - MICROCHIP TECHNOLOGY INC

Form Type: S-3ASR

Filing Date: 2025-05-09

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525116918

Filing Summary: On April 29, 2025, Microchip Technology Inc. entered into an Agreement and Plan of Merger with Tahoe Acquisition Corp., a wholly owned subsidiary, and TF Semiconductor Solutions, Inc. (TFSS). The transaction was completed on May 8, 2025, wherein Microchip acquired 100% of TFSS through a merger with Tahoe Acquisition Corp. Shares of common stock were issued to certain TFSS shareholders as part of the acquisition, with potential adjustments for additional share issuances based on future performance. This filing registers the resale of up to 474,388 shares of common stock by the selling stockholders and states that Microchip will not receive any proceeds from these sales. The common stock is listed on the Nasdaq Global Select Market under the symbol 'MCHP'.