Company: AIP
Filing Date: 2025-12-11
Form Type: 8-K
Source: 0001193125-25-315992
Chunk: 0

Company: Arteris, Inc.
Filing Date: 2025-12-11
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

Agreement and Plan of Merger and Reorganization

On December 10, 2025, Arteris, Inc., a Delaware corporation (the “ Company”), entered into an Agreement and Plan of Merger and Reorganization (the “ Merger Agreement”) with Cabernet Merger Sub I, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“ Merger Sub I”), Arteris Security, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“ Merger Sub II”), Cycuity, Inc., a Delaware corporation (“ Cycuity”), and Shareholder Representative Services LLC, solely in its capacity as Holder Representative, as defined in the Merger Agreement.

The Merger Agreement provides for the acquisition of Cycuity by the Company through a two-stepmerger process. First, Merger Sub I will merge with and into Cycuity, with Cycuity as the surviving corporation (the “ First Merger”). Immediately following the First Merger, Cycuity will merge with and into Merger Sub II, with Merger Sub II surviving as a wholly-owned subsidiary of the Company (the “ Second Merger,” and together with the First Merger, the “ Mergers”). The Merger Agreement contains customary representations, warranties, and covenants by the parties.

Merger Consideration

Pursuant to the terms of the Merger Agreement, the aggregate consideration to be paid by the Company is up to $45,000,000, consisting of:

  Closing Consideration  

  $13,500,000 in cash.  

  $19,500,000 in shares of the Company’s common stock, par value $0.001 per share. The number of shares to be issued will be based on the volume-weighted average price of the Company’s common sto...  

  Earnout Consideration  

  Up to an additional $12,000,000, payable in shares of the Company’s common stock converted at the VWAP, contingent upon Cycuity achieving certain specified bookings milestones for the 2026 cale...  

The closing consideration is subject to customary adjustments, including for Cycuity’s closing cash, indebtedness, transaction expenses, and a working capital adjustment. In addition, pursuant to the terms of the Merger Agreement, certain holders of Cycuity securities will receive cash instead of the Company’s common stock.

Escrow and Indemnification

At closing, the Company will deposit into escrow a portion of