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AI brief of an SEC Form 8-K · Knowles (KN)

Knowles completes $150 million sale of consumer MEMS microphone unit to Syntiant

Neutral Impact 4 of 5 m&a Written later

Knowles completed the sale of its consumer MEMS microphones business to Syntiant Corp. on December 27, 2024, for $150 million in total consideration, made up of $70 million in cash and $80 million of Syntiant Series D-2 preferred stock. The closing is the final step in Knowles' evaluation of strategic alternatives for the business, and the cash payment remains subject to a customary post-closing adjustment. The filing's pro forma figures show how the business would have changed Knowles' 2024 results, with a nine-month net loss of $256.3 million becoming pro forma net earnings of $13.0 million once the discontinued operation is removed.

Key points

  • Sale closed December 27, 2024; Knowles issued a press release on December 30, 2024
  • Syntiant paid $70 million in cash, subject to post-closing adjustment, and issued $80 million of Series D-2 preferred stock to a Knowles subsidiary
  • Knowles provided about $6.4 million in junior financing to Syntiant and offered a credit of up to $13.5 million toward separation costs
  • For the nine months ended September 30, 2024, reported net loss was $256.3 million, including a $269.3 million loss from discontinued operations; pro forma net earnings were $13.0 million

The filing

CompanyKnowles (KN)
Form8-K, current report
Filed with the SECDec 30, 2024, 4:37 PM ET
Accession number0001587523-24-000102

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 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 December 30, 2024.

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.