By Nicholas G. Miller
Shares of SkyWater Technology rose after the company agreed to sell itself to IonQ in a deal worth $1.8 billion, or $35 a share.
The stock rose 6.2% to $33.26 in premarket trading after closing Friday up 72% so far this year.
SkyWater shareholders will receive $15 in cash and $20 in stock per share, representing a 38% premium to the 30-day volume-weighted average price of SkyWater shares as of market close Friday.
If the volume-weighted average of IonQ stock as of three business days before closing is greater than $60.13 per share, SkyWater shareholders will receive 0.3326 IonQ share per SkyWater share. If it is less than $37.99 per share, SkyWater shareholders will receive 0.5265 IonQ share per SkyWater share.
SkyWater shareholders will own between 4.4% and 6.7% of the combined company.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
January 26, 2026 06:27 ET (11:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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