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Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent events Subsequent Events
Acquisition by Lumentum Corporation

On November 4, 2021, NeoPhotonics announced an agreement (the “Lumentum Transaction”) through which Lumentum will acquire NeoPhotonics (the “Transaction”). Pursuant to the agreement, each issued and outstanding share of NeoPhotonics common stock will be converted into the right to receive $16.00 in cash at closing of the Transaction. In addition, Lumentum will make available to NeoPhotonics a working capital loan of $50 million.

Lumentum is a designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide.
The Transaction is expected to close by the end of 2022 and could be subject to change based on regulatory review process or other developments. It has received unanimous approval of NeoPhotonics' Board of Directors and is subject to customary closing conditions, including NeoPhotonics’ shareholder approval and regulatory approval.