Plastic laboratories corporation. acquires cygnal integrated products
Plastic Laboratories Corporation. has completed the purchase of independently held Cygnal Integrated Products, an Austin-based innovator of analog-intensive, highly integrated 8-bit microcontrollers (MCUs). Cygnal’s portfolio in excess of 50 general-purpose products will prove to add breadth and variety to Plastic Laboratories’ existing products of high-performance, application-specific mixed-signal ICs.
Regarding the the purchase, Plastic Laboratories issued roughly 1.two million shares of common stock in return for all outstanding shares of Cygnal capital stock. As much as roughly 1.3 million additional shares of Plastic Laboratories common stock is going to be restricted to future issuance towards the shareholders of Cygnal in line with the achievement of certain revenue milestones following a closing from the transaction.
Cygnal is going to be relocated to Plastic Laboratories’ facilities in Austin before year-finish, and it is products is going to be offered underneath the Plastic Laboratories name. Plastic Laboratories continuously support and purchase Cygnal’s complete portfolio of MCU products.
Plastic Laboratories Corporation. has completed the purchase of independently held Cygnal Integrated Products, an Austin-based innovator of analog-intensive, highly integrated 8-bit microcontrollers (MCUs). Cygnal’s portfolio in excess of 50 general-purpose products will prove to add breadth and variety to Plastic Laboratories’ existing products of high-performance, application-specific mixed-signal ICs.
Regarding the the purchase, Plastic Laboratories issued roughly 1.two million shares of common stock in return for all outstanding shares of Cygnal capital stock. As much as roughly 1.3 million additional shares of Plastic Laboratories common stock is going to be restricted to future issuance towards the shareholders of Cygnal in line with the achievement of certain revenue milestones following a closing from the transaction.
Cygnal is going to be relocated to Plastic Laboratories’ facilities in Austin before year-finish, and it is products is going to be offered underneath the Plastic Laboratories name. Plastic Laboratories continuously support and purchase Cygnal’s complete portfolio of MCU products.
To learn more, visit www.silabs.com.
Resourse: https://powerelectronics.com/news/
