Intevac Shareholders Receive Final Payout Following Seagate Acquisition

Acquisition Terms and Shareholder Compensation

The corporate journey of Intevac has reached its conclusion. In a transaction finalized earlier this year, Seagate Technology has completed the full acquisition of the company, resulting in its immediate delisting from public markets. This development marks the definitive end for shareholders, with all trading of Intevac securities permanently terminated.

Under the acquisition agreement, Seagate disbursed $4.00 in cash for each outstanding share of Intevac common stock. This base payment was supplemented by additional distributions to shareholders, including both special and quarterly dividend payments. When combined, these payments resulted in total compensation of $4.102 per share to Intevac investors.