Credo to acquire DustPhotonics for $750 million cash plus about 0.92 million shares
Credo Technology Group agreed on April 13, 2026 to acquire 100% of DustPhotonics Ltd., an Israeli silicon photonics developer, for upfront consideration of $750 million in cash and about 0.92 million Credo ordinary shares. The deal also allows for up to about 3.21 million additional shares tied to financial milestones, so shareholders would face share issuance and the acquisition is expected to close in the second quarter of calendar 2026, subject to closing conditions and regulatory approvals.
Key points
- Upfront consideration: $750 million in cash plus about 0.92 million Credo ordinary shares
- Contingent consideration: up to about 3.21 million additional shares based on financial milestones
- Expected close: second quarter of calendar 2026, subject to regulatory approvals
- Credo expects the deal to be accretive to non-GAAP earnings per share in fiscal 2027
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.