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Form 8-K · Current Report · Filed 2026-04-13

Credo Technology Group Acquires DustPhotonics for $750M in Cash and Shares

On April 13, 2026, Credo Technology Group Holding Ltd announced the acquisition of DustPhotonics Ltd, an Israeli company, for $750,000,000 in cash and approximately 0.92 million ordinary shares of Credo, with potential additional shares based on achieving certain financial milestones.

Filer
Credo Technology Group Holding Ltd. CRDO · NASDAQ
Filed
Accession
0001628280-26-024892
CIK
0001807794
Signal
High impactTechnology

Details

The acquisition is expected to enhance Credo's position in the optical interconnect market.

Items reported

Item events

Reported Item

M&A Transaction Securities Purchase Agreement

Market reaction

Close before filing

$119.59

Next session

+33.4%

Since filing

+73.1%

Latest close

$206.99

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CRDO reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, CRDO insiders reported 6 Form 4 transactions — net selling of $1.2M.

Full CRDO insider history →

About Credo Technology Group Holding Ltd.

Credo Technology Group Holding Ltd. is a provider of connectivity solutions critical for modern high-speed networks and data infrastructure. Specializing in delivering cutting-edge products designed to optimize bandwidth, Credo serves a pivotal role in addressing the ever-increasing demand for efficient data transmission. Its offerings encompass high-performance semiconductors, optical components, and system-level solutions that are essential for data center, hyperscale cloud, service providers, and enterprise networks. Credo is at the forefront of a technological shift, bolstering the architecture that supports the digital ecosystem by enabling faster and more reliable data flows. Headquartered in the heart of Silicon Valley, Credo Technology Group has established itself as a significant player in the tech industry by fostering innovations that drive network efficiency and reduce operational costs. By focusing on energy-efficient designs and extensive industry partnerships, the company contributes to the broader market imperative of green computing solutions, thereby supporting sustainability in tech advancements. Through its technological prowess and strategic market positioning, Credo Technology Group holds a vital place in the infrastructure behind seamless global connectivity.

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