<p>➀ Odyssey, a US GaN company, has entered the liquidation distribution process and will distribute assets to shareholders by December 23, 2023, with each share receiving $0.11 (about RMB 0.8);</p><p>➁ Odyssey held a special shareholders' meeting on June 3, 2023, approving a comprehensive liquidation, dissolution, and asset distribution plan, resulting in the redemption and cancellation of all issued capital stocks;</p><p>➂ Odyssey had a cash balance of approximately $1.837 million (about RMB 13.37 million) as of December 17, 2023, with most funds allocated to pay the distribution of $0.11 per share, totaling $1.606 million (about RMB 11.69 million);</p><p>➃ Odyssey had previously announced the sale of most of its assets to Power Integrations for $9.52 million (about RMB 67 million) in cash, with key employees joining PI's technical department.</p>
Related Articles
- GaN picked for Mazda automotive power project2 months ago
- Anti-Jamming Antenna For Safe Navigation2 months ago
- Contactless Timing for Paralympic Swimming2 months ago
- Major Breakthroughs in Compound Semiconductor Field: Jinfengshan Lab Achieves Three Innovations2 months ago
- E-Version Hybrid Flyback Controller ICs2 months ago
- Fishing2 months ago
- Three-Phase GaN Inverter Reference Design2 months ago
- Next-Generation Tester For High-Power Chips2 months ago
- Ed Tackles PIP2 months ago
- Softbank buys Ampere3 months ago