Amkor holder to sell 10M shares in underwritten deal
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Rhea-AI Filing Summary
Amkor Technology, Inc. disclosed that stockholder 915 Investments, LP entered into an underwriting agreement with Goldman Sachs & Co. LLC for the sale of 10,000,000 shares of Amkor common stock at $48.75 per share, under the company’s automatic shelf registration on Form S-3.
The selling stockholder granted the underwriter a 30-day option to purchase up to an additional 1,500,000 shares. 915 Investments, LP is an investment vehicle for members of the family of Susan Y. Kim, Amkor’s Chairman of the Board.
The agreement includes a “clear market” provision under which Amkor agreed not to offer or sell its common stock for 75 days after the final prospectus, subject to exceptions. The selling stockholder and its affiliates also agreed to a 180-day lock-up on remaining shares, subject to exceptions.
Insights
Large secondary sale by a major family holder, paired with company and holder lock-ups.
The transaction is a secondary offering in which 915 Investments, LP, linked to the family of Amkor’s board chair Susan Y. Kim, sells 10,000,000 existing shares at $48.75 per share, with an option for 1,500,000 additional shares.
Because the shares come from a selling stockholder rather than a new issuance, the arrangement centers on rebalancing ownership rather than the company raising new capital. The underwriter is Goldman Sachs & Co. LLC, and terms include customary representations, warranties, indemnities and closing conditions.
The “clear market” provision restricts new stock offerings by Amkor for 75 days, while the selling stockholder’s lock-up extends for 180 days on its remaining shares. Subsequent company disclosures may clarify any longer-term effects on ownership structure or trading liquidity.
8-K Event Classification
FAQ
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What stock transaction did Amkor Technology, Inc. (AMKR) disclose in this 8-K?
What lock-up restrictions affect Amkor (AMKR) after this secondary offering?
AI-generated analysis. How Rhea-AI works. Not financial advice.