Intrinsyc Technologies Corporation to be Acquired by Lantronix, Inc. [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
Intrinsyc Technologies Corporation to be Acquired by Lantronix, Inc., The Canadian Business Journal VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) — Intrinsyc Technologies Corporation (TSX: ITC and OTCQX: ISYRF) (“ Company IoT Arrangement Agreement Lantronix Transaction Intrinsyc Shareholders Common Share Consideration The Transaction will continue to provide Intrinsyc Shareholders with direct exposure to the growth potential in IoT markets as Intrinsyc Shareholders will own approximately 16% of the stock of Lantronix post-Transaction. “This transaction achieves our goal of increasing shareholder value by accelerating our strategic growth plan as we gain immediate scale and the resulting benefit of greater operational efficiencies through this Transaction. This arrangement also allows our investors exposure to continue to participate in the IoT marketplace while at the same time offering a measure of liquidity to shareholders,” said Daniel Marks, Chairman of the Special C
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