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Intrinsyc Closes Planned Arrangement with Lantronix
Jan. 16, 2020 05:43AM PST
Emerging Technology InvestingLantronix has completed the acquisition of all of Intrinsyc’s issued and outstanding common shares valued at approximately US$27 million.
Intrinsyc Technologies (TSX:ITC,OTCQX: ISYRF) announced that Lantronix (NASDAQ:LTRX) has completed the acquisition of all the issued and outstanding common shares of Intrinsyc in a transaction valued at approximately US$27 million.
As quoted in the press release:
The Intrinsyc Common Shares are expected to be delisted from the Toronto Stock Exchange and the OTCQX effective as of the close of trading on or about January 20, 2020. Intrinsyc will apply to cease to be a reporting issuer in all provinces of Canada.
