Intel said it entered into Amendment No. 1 to the Transaction Agreement it had executed on April 14, 2025 with Intel Americas, Inc., Altera Corporation and SLP VII Gryphon Aggregator, L.P. on August 11, 2025.

1. 01

   Intel said it entered into Amendment No. 1 to the Transaction Agreement it had executed on April 14, 2025 with Intel Americas, Inc., Altera Corporation and SLP VII Gryphon Aggregator, L.P. on August 11, 2025.

2. 02

   The company explained in its filing that under the Transaction Agreement, it agreed to sell a majority interest in its Altera business to the Purchaser, SLP VII Gryphon Aggregator, L.P.

3. 03

   Intel said that under Amendment No. 1, the Closing shall not occur prior to September 12, 2025 without the prior written consent of each of the Parties, and the initial date by which the Closing must occur was extended from August 12, 2025 to September 13, 2025.

4. 04

   The company said Amendment No. 1 includes various technical changes to the purchase price calculation definitions, which changes are not expected to materially impact the net cash proceeds to Intel from the transaction.

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