MergerApr 24, 2026, 05:17 PM
FTC issues Second Request for SkyWater-IonQ merger
AI Summary
SkyWater Technology, Inc. and IonQ, Inc. received a Second Request from the U.S. Federal Trade Commission (FTC) on April 24, 2026, regarding their previously announced merger. This request for additional information extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The waiting period will now last until 30 days after both companies substantially comply with the request, unless extended or terminated earlier. Both companies expect to promptly respond and continue cooperating with the FTC.
Key Highlights
- SkyWater Technology and IonQ received an FTC Second Request on April 24, 2026.
- The request concerns their previously announced merger agreement.
- It extends the waiting period under the HSR Act.
- The waiting period will last 30 days after substantial compliance.
- Both companies expect to promptly respond to the FTC.