The transaction is expected to close in September 2022 subject to the satisfaction of other customary closing conditions.
The Company will provide a further update once the acquisition has completed.
About Alphawave IP Group plc (LSE:
AWE)
Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP solutions meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017, by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to focus on the hardest-to-solve connectivity challenges. To find out more about Alphawave IP, visit:
awaveip.com
Contact: Alphawave IP Group plc, John Lofton Holt, Executive Chairman, Jose Cano, Global Head of IR, Email Contact, +44 (0) 20 7717 5877; Brunswick Group, Simone Selzer, Sarah West, Email Contact, +44 (0) 20 7404 5959; Gravitate PR, Lisette Paras, Wynton Yu, Email Contact, +1 415 420 8420
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Company Name: Alphawave IP Group Plc
Financial data for Alphawave IP Group Plc |