Welcome to our dedicated page for Skywater Technology SEC filings (Ticker: SKYT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SkyWater Technology, Inc. filings document the regulatory record for a Nasdaq-listed Delaware semiconductor foundry with common stock trading under the symbol SKYT. The disclosures cover the company’s U.S. foundry operations, Technology as a Service model, advanced packaging, wafer services, capital structure and operating results.
SkyWater’s SEC filings include 8-K material-event reports, proxy and governance disclosures, shareholder voting records, material agreements, risk factors and financial-reporting notices. The filing record also documents capital-structure matters tied to its common stock and formal reporting items related to periodic results, corporate governance and securityholder approvals.
IonQ plans to acquire SkyWater Technology in a $1.8 billion cash-and-stock transaction, creating a fully vertically integrated, U.S.-based quantum platform. SkyWater will become a wholly owned subsidiary, continuing to operate as a merchant semiconductor foundry for existing and new customers while supporting IonQ’s quantum computing, networking, sensing, and security roadmap. Management highlights SkyWater’s onshore, DMEA‑accredited facilities and technology‑as‑a‑service model as key to faster, more secure chip development for mission‑critical government and commercial uses. IonQ expects to cut cycle times for its 256‑qubit chip from nine months to two months and to begin functional testing of a 200,000‑qubit chip in 2028, with its 2 million‑qubit chip timeline pulled forward by up to a year, subject to approvals and successful integration.
SkyWater Technology has agreed to be acquired by IonQ in a cash-and-stock deal that values SkyWater at approximately $1.8 billion. SkyWater stockholders will receive $35.00 per share, consisting of $15.00 in cash and $20.00 in IonQ common stock per SkyWater share, with the stock portion subject to a collar based on IonQ’s volume-weighted average price before closing.
The purchase price represents a 38.0% premium to SkyWater’s 30‑day volume‑weighted average share price as of January 23, 2026. After closing, SkyWater will operate as a wholly owned subsidiary of IonQ under the SkyWater name, with Thomas Sonderman continuing to lead the business and report to IonQ CEO Niccolo de Masi. The transaction has been unanimously approved by both boards and is expected to close in the second or third quarter of 2026, subject to SkyWater stockholder and regulatory approvals and other customary conditions.
SkyWater Technology, Inc. has agreed to be acquired by IonQ, Inc. under an Agreement and Plan of Merger signed on January 25, 2026. A first-step merger will combine SkyWater with IonQ’s wholly owned subsidiary Iris Merger Subsidiary 1 Inc., after which SkyWater will become a wholly owned subsidiary of IonQ. Immediately afterward, SkyWater will merge into a second IonQ subsidiary, Iris Merger Subsidiary 2 LLC, which will remain as the surviving company under IonQ’s control.
IonQ plans to file a Registration Statement on Form S-4 with the SEC, including a prospectus for the IonQ common stock to be issued and a joint proxy statement/prospectus for SkyWater stockholders, who will receive detailed terms and voting materials. The report also highlights that completion of the transaction is subject to conditions such as required regulatory approvals and cautions that the deal may not close, outlining risks such as potential business disruption and stock price effects if the merger is not consummated.
SkyWater Technology, Inc. (SKYT) filed a Form 4 reporting insider share sales. Director and 10% owner Loren A. Unterseher, through affiliated entities, reported selling 100,000 shares of common stock on November 21, 2025 at a weighted average price of $14.1264, with individual trade prices ranging from $14.00 to $14.29 per share. He reported another sale of 100,000 shares on November 24, 2025 at a weighted average price of $14.5267, with trade prices ranging from $14.50 to $14.62 per share. The filing also details substantial remaining direct and indirect holdings, including shares held via grantor retained annuity trusts, family trusts, and a spouse, indicating that he continues to be a significant shareholder and insider.
SkyWater Technology (SKYT) filed a Form 4 reporting an open-market sale of common stock by its CEO and director. On 11/21/2025, the reporting person sold 5,210 shares of SkyWater common stock at a weighted average price of $13.381 per share. After this transaction, the insider beneficially owns 521,757 shares of the company’s common stock in direct form.
The filing notes that the reported sale price is an average across multiple trades, with individual sale prices ranging from $13.11 to $13.51 per share. This is a routine insider transaction disclosure required under securities regulations and does not, by itself, explain the insider’s reasons for selling.
SkyWater Technology, Inc. (SKYT) insider activity was reported involving a small stock sale. On 11/18/2025, a reporting person affiliated with CMI Oxbow Partners, LLC sold 9,662 shares of SkyWater common stock in an open-market transaction coded as a sale. The weighted average sale price was $16.2559 per share, with individual trade prices ranging from $16.25 to $16.39.
Following this transaction, 4,787,394 shares of common stock are reported as beneficially owned directly, with additional indirect holdings through various trusts and entities, including a family irrevocable trust, a 2024 grantor retained annuity trust, revocable trusts, and separate trusts for the benefit of the reporting person’s daughter and son. The reporting person is identified as both a director and a 10% owner of SkyWater Technology, Inc.
SkyWater Technology, Inc. (SKYT) reported an insider stock sale by its Chief Financial Officer. On 11/14/2025, the CFO sold 50,000 shares of common stock in an open market transaction coded as a sale. The weighted average sale price was $17.398 per share, with individual trades occurring between $17.235 and $17.615. After this transaction, the CFO beneficially owned 277,122 shares of SkyWater common stock directly.
SkyWater Technology, Inc. (SKYT) reported an insider stock transaction by its CEO and director. On 11/14/2025, the reporting person sold 5,207 shares of common stock at a price of $17 per share, as shown in Table I of the filing. After this sale, the insider continued to beneficially own 526,967 shares of SkyWater common stock, which are reported as directly held. The transaction was reported on a Form 4 filed for a single reporting person and reflects a routine change in the insider's ownership position.
SkyWater Technology (SKYT) director and 10% owner Loren A. Unterseher reported several changes in his indirect and direct ownership of common stock. On October 3, 2025, multiple gifts or transfers (coded G) moved large blocks of shares among a 2023 grantor retained annuity trust, trusts for his son and daughter, and a revocable trust, all at a reported price of $0 per share. On November 13, 2025, he sold 2,200 shares at a weighted average price of $20.5472, followed by a sale of 12,000 shares on November 17, 2025 at a weighted average price of $17.451. The filing notes that, since his last ownership report, 2,000,000 shares were transferred to his former spouse under a domestic relations order, and that certain shares are held through CMI Oxbow Partners, LLC, Oxbow Industries, LLC, a family irrevocable trust, and other family-related trusts.
SkyWater Technology (SKYT) filed a Form 12b-25 to delay its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025. The company needs additional time to prepare and review financial statements to correct immaterial errors from prior years and ensure adequate disclosure.
During the quarter’s close, SkyWater identified cumulative overstatements of Advanced Technology Services development revenues of $1.970 million affecting fiscal years 2022 and 2023. The company will revise interim financials by increasing the beginning accumulated deficit as of December 30, 2024 by $1.970 million and decreasing accounts receivable by the same amount. The errors relate to a previously disclosed material weakness in revenue accounting. SkyWater expects to file the 10-Q within the five‑calendar‑day extension.