IonQ completes acquisition of SkyWater Technology, making it a wholly owned subsidiary

IonQ closed its acquisition of SkyWater Technology on July 31, 2026, after receiving regulatory approval. SkyWater shareholders received $15.00 in cash and 0.4883 IonQ shares for each SkyWater share. SkyWater keeps its name and its defense and commercial customers, and it now supplies IonQ's chips from its plants in Minnesota, Florida and Texas.

• Closed July 31, 2026; SkyWater is now a wholly owned IonQ subsidiary under its own name
• Consideration per SkyWater share: $15.00 in cash plus 0.4883 IonQ common shares
• SkyWater's facilities are in Minnesota, Florida and Texas
• Thomas Sonderman remains CEO of SkyWater and reports to IonQ CEO Niccolo de Masi