M&A - QUALCOMM INC/DE

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925057814

Filing Summary: On June 9, 2025, QUALCOMM Incorporated announced a recommended acquisition of the entire issued ordinary share capital of Alphawave IP Group plc by Aqua Acquisition Sub LLC, a wholly owned subsidiary of Qualcomm. The acquisition terms provide that each holder of ordinary shares in Alphawave will receive $2.48 in cash per share or may opt for shares of Qualcomm. There are alternative offers involving new Qualcomm shares and exchangeable securities with specific exchange ratios provided for eligible shareholders. If fully elected, up to 15,575,072 Qualcomm shares may be issued, representing approximately 1.4% of the company's outstanding shares as of April 2025. The process is contingent upon regulatory approvals and, as proposed, will be executed under a scheme of arrangement governed by English law.