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Get filing alertsSkyWater receives final regulatory approval for IonQ acquisition, closing set for July 31
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
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SkyWater and IonQ received final regulatory approval to complete their merger, clearing the last major hurdle for the transaction originally announced in January 2026.
Item 8.01 verify on EDGAR → -
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The companies expect to close the acquisition on July 31, 2026, just three days after this announcement, indicating all closing conditions have been satisfied.
Exhibit 99.1 view on EDGAR → -
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Post-closing, SkyWater will operate as a wholly owned subsidiary of IonQ under the SkyWater name, continuing to serve its existing semiconductor foundry customers.
Exhibit 99.1 view on EDGAR → -
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The combined company will report Q2 earnings on August 5, 2026 and host an investor day on September 8, 2026.
Exhibit 99.1 view on EDGAR →
Summary
SkyWater Technology and IonQ announced they have received final regulatory approval to complete their merger, with closing expected on July 31, 2026. The transaction, originally announced in January 2026, will make SkyWater a wholly owned subsidiary of IonQ, enabling the quantum computing company to vertically integrate semiconductor manufacturing capabilities and secure a domestic supply chain. The rapid three-day timeline from approval to closing indicates all conditions have been satisfied and the transaction is fully ready to execute.
For SkyWater shareholders, this represents the imminent completion of the acquisition. The company will continue operating as a semiconductor foundry under the SkyWater name, serving its existing customer base while supporting IonQ's quantum computing chip manufacturing. The combined company's Q2 earnings call on August 5 and investor day on September 8 will provide the first financial results and strategic outlook for the merged entity.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 28, 2026, the Company and Parent announced that they have received final regulatory approval to consummate the Mergers, subject to certain conditions and the satisfaction of the other closing conditions set forth in the Merger Agreement.
SkyWater Technology and IonQ announced they received final regulatory approval to complete their previously disclosed merger transaction. The merger involves a two-step process where IonQ will acquire SkyWater, making it a wholly owned subsidiary. The transaction remains subject to other closing conditions specified in the merger agreement.
Added in current filing · verify on EDGAR →
Pursuant to the Merger Agreement, (i) Merger Sub 1 will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the “First Merger”) and (ii) immediately following the effective time of the First Merger, the Company, as the surviving entity of the First Merger, will merge with and into Merger Sub 2, which will survive the merger as a wholly owned subsidiary of Parent (together with the First Merger, the “Mergers”).
The filing reiterates the two-step merger structure originally disclosed in January 2026. First, IonQ's Merger Sub 1 will merge into SkyWater with SkyWater surviving. Then immediately after, SkyWater will merge into IonQ's Merger Sub 2, with Merger Sub 2 surviving as IonQ's wholly owned subsidiary. This structure is typical for acquisition transactions.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
IonQ (NYSE: IONQ), the world’s leading quantum platform company, today received final regulatory approval to complete its acquisition of SkyWater Technology (NASDAQ: SKYT), the largest exclusively U.S.-based semiconductor foundry.
IonQ has received final regulatory approval to acquire SkyWater Technology, clearing the last major hurdle for the transaction originally announced in January 2026. This acquisition will enable IonQ to vertically integrate semiconductor manufacturing capabilities into its quantum computing platform and secure a domestic supply chain for its chip-focused manufacturing approach.
Added in current filing · view on EDGAR →
Following the close of the transaction, SkyWater will continue to serve a full range of customers as a U.S.-based semiconductor foundry, operating as a wholly owned subsidiary of IonQ under the SkyWater name.
SkyWater will operate as a wholly owned subsidiary of IonQ after the acquisition closes, maintaining its existing customer relationships and continuing to serve the broader semiconductor foundry market under its own brand. This structure allows IonQ to secure its quantum computing supply chain while preserving SkyWater's existing business operations.
Added in current filing · view on EDGAR →
The combined company is expected to hold its second quarter earnings call on Wednesday, August 5, 2026 after the U.S. markets close and an investor day in the third quarter of 2026 (Sept. 8).
The combined company will report second quarter earnings on August 5, 2026, and host an investor day on September 8, 2026. These events will provide the first financial results and strategic outlook for the merged entity.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify