Company: AOSL
Filing Date: 2025-07-14
Form Type: 8-K
Source: 0001628280-25-034832
Chunk: 0

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-07-14
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

On July 14, 2025, Alpha & Omega Semiconductor Limited (“ AOS Bermuda”) and its subsidiary, Alpha & Omega Semiconductor (Shanghai) Ltd. (“ AOS Shanghai” and collectively, the “ Company”) entered into an equity transfer agreement (the “ Agreement”) with certain strategic investor (the “ Investor”) to sell approximately 20.3% of outstanding equity interest of the Company’s joint venture of power semiconductor packaging, testing and 12-inch wafer fabrication facility located in Chongqing, China (“ CQJV”). Pursuant to the equity transfer agreement, the investor agrees to pay the Company an aggregate cash consideration of USD $150 million (the “ Purchase Price”). Under the Agreement, the Purchase Price will be paid in four installments as follows:

• Approximately USD $94 million within ten (10) business days of satisfaction of certain conditions relating to AOS Shanghai, including but are not limited to, stockholder approval of CQJV; execution of shareholder agreements by stockholders of CQJV and completion of certain corporate formalities by the Investor and the Company;

• Approximately USD $11 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including but are not limited to, completion of share transfer registration with government for the Investor; completion of foreign investment registration and exchange control approval;

• USD $30 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including, but are not limited to, approval by shareholders of CQJV for the exit of minority shareholders of CQJV as provided in the Agreement; and

• USD $15 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including, but are not limited to, completion of equity transfer registration with the appropriate government authority for the exit of minority shareholders and approval by shareholders of CQJV for an initial capital injection in CQJV by the Investor.

The Agreement contains customary representations, warranties, covenants and condition precedent to its effectiveness. The Agreement also includes customary termination provisions, including termination by mutual agreement, material breach by a party, and by government order. The Agreement may also be terminated by any no-fault party if all four installments are not completed within 270 days of the execution date of the Agreement.

The Company expects to receive all four installment payments and close the transaction prior to the end of 2025.

The above