Marvell acquires Celestial AI for $3,537.4M (SEC) — Feb 2026

Marvell Technology completed its acquisition of Celestial AI, Inc. on February 2, 2026. Deal consideration (Marvell Form 10-Q, quarter ended May 2, 2026): total purchase consideration $3,537.4 million — $1,279.7M cash, $1,929.0M common stock (24.5M shares), $12.9M replacement equity awards attributable to pre-combination service, and $315.8M contingent consideration. Net of $302.8M cash acquired: $3,234.6M. Announce ~$3.25B upfront superseded by SEC purchase accounting ($3,537.4M including contingent).

Source: https://www.sec.gov/Archives/edgar/data/1835632/000183563226000019/R26.htm