Bsquare Corp’s acquisition by Kontron completed

Bsquare and Kontron, a global IoT Technology company, announced the successful completion of the tender offer by Kontron Merger Sub, a wholly owned, indirect subsidiary of Kontron, to acquire all of the outstanding shares of common stock of Bsquare for $1.90 per Share, net to the seller in cash. Approximately 70.9% of the total outstanding Shares were tendered, and an additional 386,424 Shares were tendered pursuant to guaranteed delivery procedures, representing an additional approximately 1.9% of total outstanding Shares. The parties expect to consummate the merger on or about December 7. Remaining outstanding shares will be converted into the right to receive $1.90 per share. As a result of the offer and the merger, Bsquare will become a wholly-owned, indirect subsidiary of Kontron and Bsquare common stock will cease trading on NASDAQ.