Thursday, June 25, 2020

Equity Corporate Actions Alert #2020 - 114
(UPDATED: Merger Effective) Information Regarding the Merger of Adesto Technologies Corporation (IOTS) and Dialog Semiconductor plc.

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

At a special meeting held on May 5, 2020, shareholders of Adesto Technologies Corporation (IOTS) approved the merger with Dialog Semiconductor plc. The merger closed prior to the market open today, June 29, 2020. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on June 26, 2020. The stock will remain halted on the day of closing (June 29th) and will be suspended effective June 30, 2020. The details are as follows:

Company: Adesto Technologies Corporation
Issue: Common Stock
CUSIP#: 00687D101
Symbol: IOTS
Last Trading Date: June 26, 2020
Marketplace Effective Date for Suspension: June 30, 2020
Merger Consideration: $12.55 in cash for each share held.


Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives.

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.