Everspin Technologies Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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| Item 8.01. | Other Events. |
On August 14, 2024, Everspin Technologies, Inc. (the “Company”) received a strategic award to develop a long-term plan to provide manufacturing services for aerospace and defense segments (the “Award”). Under the Award, the Company will provide a plan to mitigate risks to its magnetoresistive random-access memory (MRAM) manufacturing supply chain. Pursuant to the Award, the Company may receive cash payments upon the achievement of certain technical tasks and deliverables. The Award allows for milestones totaling up to approximately $14.55 million for the Company over a span of 2.5 years.
On August 20, 2024, the Company issued a press release announcing the above, a copy of which is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press release, dated August 20, 2024. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Everspin Technologies, Inc. | ||
| Dated: August 20, 2024 | By: |
/s/ Matt Tenorio |
| Matt Tenorio | ||
| Interim Chief Financial Officer | ||