UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On December 4, 2023, Coherent Corp. (the “Company”) announced that its subsidiary, Silicon Carbide LLC (“Silicon Carbide”), consummated the sale of Class A Common Units of Silicon Carbide (the “Common Units”) pursuant to (i) an investment agreement, dated as of October 10, 2023, with DENSO CORPORATION (“DENSO”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide agreed to issue and sell to DENSO 16,666,667 Common Units for an aggregate purchase price of $500,000,000, and (ii) an investment agreement, dated as of October 10, 2023, with Mitsubishi Electric Corporation (“MELCO”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide agreed to issue and sell to MELCO 16,666,667 Common Units for an aggregate purchase price of $500,000,000.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated December 4, 2023 | |
| 104.0 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |
SIGNATURE
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.
| Coherent Corp. | ||||||
| Date: December 4, 2023 | By: | /s/ Ronald Basso | ||||
| Ronald Basso | ||||||
| Chief Legal and Compliance Officer | ||||||