Item 7.01. Regulation FD Disclosure. On November 2, 2026, Axcelis Technologies, Inc., a Delaware corporation (“Axcelis” or the “Company”), issued a press release announcing the changes to the closing timeline described in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Filed Nov 2, 2026Accepted Nov 2, 2026, 8:11 AM ESTCIK 1113232Accession 0001104659-26-120939
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On November 2, 2026, Axcelis Technologies, Inc., a Delaware corporation
(“Axcelis” or the “Company”), issued a press release announcing the changes to the closing timeline
described in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
As previously announced, on September 30, 2025, Axcelis entered
into an Agreement and Plan of Merger (the “Merger Agreement”), by and
among Axcelis, Victory Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Axcelis (“Merger
Sub”), and Veeco Instruments Inc., a Delaware corporation (“Veeco”),
pursuant to which, subject to the terms and conditions set forth therein, Merger Sub will be merged with and into Veeco, with Veeco
surviving such merger as a wholly owned subsidiary of Axcelis (the “Merger”).
Axcelis now expects the Merger to close by the end of the first quarter
of 2027 subject to the satisfaction or waiver of all closing conditions. There can be no assurances that the closing will occur on this
timeline.
The completion of the transactions contemplated by the Merger Agreement
is subject to the satisfaction or waiver of customary closing conditions, including the pending regulatory approval from the State Administration
for Market Regulation of the People’s Republic of China (“SAMR”). The parties continue to work constructively
with SAMR to obtain clearance.
In addition, due to the pending expiry of the current clearance under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), the parties plan to promptly
make a new submission under the HSR Act. The closing is also conditioned upon the expiration or early termination of the HSR Act waiting
period for this new submission.
Filed exhibits (1)
EX-99.1 (by filename) tm2628711d1_ex99-1.htm
Exhibit 99.1
Axcelis Technologies and Veeco Instruments Provide
Update on Expected Timing of Merger Closing
Merger now expected to close by the end of the
first quarter of 2027
BEVERLY, Mass., and PLAINVIEW, N.Y., November 2, 2026 - Axcelis Technologies, Inc. (Nasdaq: ACLS) (“Axcelis”) and Veeco Instruments Inc. (NASDAQ: VECO) (“Veeco”)
today provided an update on the expected timing of the previously disclosed all-stock merger of Axcelis and Veeco. The companies now expect
the transaction to close by the end of the first quarter of 2027, subject to the satisfaction or waiver of all closing conditions. There
can be no assurances that the closing will occur on this timeline.
The completion of the transactions contemplated by the merger agreement
is subject to the satisfaction or waiver of customary closing conditions, including the pending regulatory approval from the State Administration
for Market Regulation of the People’s Republic of China (“SAMR”). The parties continue to work constructively with SAMR
to obtain clearance.
In addition, due to the pending expiry of the current clearance under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”…