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Qualcomm ( (QCOM) ) has provided an announcement.
Qualcomm has confirmed the foreign exchange terms for its now-effective acquisition of UK-listed Alphawave IP Group, completed via its wholly owned vehicle Aqua Acquisition Sub LLC under a court-sanctioned scheme of arrangement. Following the scheme becoming effective on 18 December 2025, Bidco announced that shareholders who elected to receive their consideration in sterling under the Foreign Exchange Facility will be paid at a prevailing market rate of $1.00 to £0.7417, equating to £1.83 per Alphawave share and a total sterling payout of about £1.4 million to those electing investors, while shareholders who did not make a valid currency or alternative offer election will receive the original US$2.48 per share in cash, with settlement due within 14 days of the effective date. The clarification of exchange terms and payment mechanics removes residual uncertainty for Alphawave investors following the deal’s completion and underscores Qualcomm’s continued push to integrate the UK chip IP specialist into its broader semiconductor and connectivity portfolio.
More about Qualcomm
Qualcomm is a US-based semiconductor and wireless technology company best known for its Snapdragon chipsets and related connectivity solutions, supplying core components for smartphones, networking gear and emerging connected devices. The group’s strategy focuses on expanding its intellectual property and systems portfolio to support data-centric and high-performance computing markets globally.
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