v3.26.1
Business Combination (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

The following table sets forth the preliminary amounts, allocated to the intangible assets identified and their estimated useful lives as of the Acquisition Date:

 

At Acquisition Date

 

 

Fair Value

 

 

Weighted Average Useful Life

 

 

(in thousands)

 

 

(in years)

 

 Developed technology

$

103,000

 

 

 

7.0

 

 Customer relationships

 

82,000

 

 

 

6.0

 

 Backlog

 

20,000

 

 

 

1.3

 

 Tradename

 

5,000

 

 

 

8.0

 

Total amortizable intangible assets

$

210,000

 

 

 

 
Business Combination, Consideration Transferred [Table Text Block]

The preliminary Acquisition Date fair value of consideration transferred consisted of the following:

 

At Acquisition Date

 

 

(in thousands, except per share data)

 

 Cash paid

$

389,052

 

Issuance of common stock (1)

 

81,697

 

Cash paid to extinguish Semilab USA’s debt

 

55,892

 

Total purchase consideration

$

526,641

 

 

 

 

(1) The fair value is based on the issuance of 641,771 shares of the Company's common stock with a per share value of $127.30 on the Acquisition Date.

 
Business Combination [Table Text Block]

The following table summarizes the preliminary purchase price allocation of the fair values of the assets acquired and liabilities assumed:

 

At Acquisition Date

 

 

(in thousands)

 

 Cash and cash equivalents

$

8,876

 

 Accounts receivable

 

14,428

 

 Inventories

 

33,838

 

 Prepaid expenses and other current assets

 

843

 

 Property, plant and equipment

 

2,058

 

 Intangible assets

 

210,000

 

 Other assets

 

3,592

 

 Accounts payable

 

(487

)

 Accrued expenses and other current liabilities

 

(8,270

)

 Other long-term liabilities

 

(51,668

)

 Total identifiable net assets

 

213,210

 

Goodwill

 

313,431

 

 Total purchase consideration

$

526,641