ChipsSeeking Alpha3 days ago
SkyWater trades as IonQ merger arbitrage play
1 min read
SkyWater Technology now trades purely as a merger arbitrage play, not a semiconductor investment. The deal offers $15 cash plus $20 in IonQ stock per SKYT share, with a collar adjusting exposure based on IonQ's price. SKYT is rated a Hold because the spread is gone and risks hinge on FTC approval.
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