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byNordic Acquisition Corporation signed a non-binding Letter of Intent to merge with Sivers Photonics, a wholly owned subsidiary of Sivers Semiconductors that manufactures lasers for photonic devices. The acquisition is subject to a definitive agreement.
“byNordic and Sivers intend to enter into a definitive agreement for the acquisition of Sivers Photonics.”loeb.com
Summarized from public sources; check the original articles before acting on it.