US EditionSpectra7 Files 2024 Annual Financial Results, Provides Update on Previously Announced Transaction with Parade Technologies
- Spectra7 announced on April 15, 2025, an update regarding its Sale Transaction with Parade Technologies, Ltd., initially announced March 7, 2025.
- Parade agreed to acquire substantially all of Spectra7's assets for US$9,000,000, after which Spectra7 will distribute net proceeds to shareholders.
- The purchase price will be reduced by Bridge Loans and an Escrow Amount of US$1,800,000; Parade provided Spectra7 with US$750,000 in Bridge Loans.
- Spectra7 estimates a Special Distribution of approximately US$2,870,000, including US$1,070,000 cash and US$1,800,000 from the Escrow Amount, to shareholders.
- Closing the Sale Transaction depends on TSXV and shareholder approval; a meeting is set for April 17, 2025, with closure expected the following week.
Insights by Ground AI
Does this summary seem wrong?
28 Articles
28 Articles
All
Left
2
Center
10
Right
The Billings Gazette+27 Reposted by 27 other sources
Spectra7 Files 2024 Annual Financial Results, Provides Update on Previously Announced Transaction with Parade Technologies
SAN JOSE, Calif., April 15, 2025 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for broadband connectivity markets, such as AI networks, hyperscale data centers, and AR/VR, today announced that it…
·Billings, United States
Read Full ArticleCoverage Details
Total News Sources28
Leaning Left2Leaning Right0Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
