M&A: QUICKLOGIC Corp

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925000541

Comments: On January 7, 2025, QuickLogic Corporation announced through a press release that its Board of Directors is actively exploring options for its wholly-owned subsidiary, SensiML. The Company is in preliminary discussions with potential strategic partners regarding the possible sale of SensiML or its assets. The shift in focus follows recent successes in QuickLogic's eFPGA Hard IP and ruggedized FPGA business, as the Company aims to concentrate on its core business model centered on programmable logic technology. The press release emphasizes that there are no assurances that the discussions will lead to a transaction, and any potential deal would still require Board approval. The Company intends to keep the public informed only when there are specific developments regarding SensiML's strategic alternatives.

Document Link: View Document

Additional details:

Strategic Focus: The Company is focusing on its programmable logic technology, products, and markets.

Subsidiary In Focus: SensiML

Discussions Status: Preliminary discussions are underway for potential sale.

Potential Outcome: Possible sale of SensiML or its assets.

Board Approval Required: 1