QUALCOMM Incorporated Reports Agreement to Acquire Modular Inc
Summary
On June 21, 2026, QUALCOMM Incorporated entered into a definitive agreement to acquire Modular Inc. As consideration for the acquisition, the Company expects to issue up to 19.2 million shares of its common stock to Modular's equity owners. This issuance will be made in a private placement, relying on exemptions from registration requirements. * Acquisition consideration: Up to 19.2 million shares of common stock. * Transaction type: Private placement under Section 4(a)(2) and Rule 506 of Regulation D. * Closing: Subject to customary conditions.
Why It Matters
This acquisition signifies QUALCOMM's strategic expansion, with the issuance of up to 19.2 million shares indicating a material equity-based transaction that could impact existing shareholders through dilution.
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Key Quote
“entered into a definitive agreement to acquire Modular Inc ("Modular"). As consideration for the acquisition (the "Acquisition"),.”
— From Item 3.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000804328
- Filing Date
- Wednesday, June 24, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive