Sivers Semiconductors announced that its board of directors has decided to put on hold its discussions with byNordic Acquisition (BYNO) regarding the proposed business combination with Sivers Photonics, a subsidiary of Sivers Semiconductors, and release byNordic to seek other merger candidates. The decision was made after an evaluation as well as feedback from Sivers’ financial advisors, due to the U.S. market conditions surrounding the small cap companies, and SPACs’ performance in the current market environment.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue