OIIM: O2Micro Completes its Merger for $5.00 per ADS in Cash

Zacks Small Cap Research2023-03-03

By Lisa Thompson NASDAQ:OIIM READ THE FULL OIIM RESEARCH REPORT Today O2Micro (NASDAQ:OIIM) announced it has completed its merger with FNOF Precious Honour Limited, Sterling Du, CEO, and Chairman of ...

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As a result, the company has requested that its shares stop trading on NASDAQ and eligible registered shareholders are asked to wait for a letter of transmittal and instructions on how to surrender their shares in exchange for consideration of $5.00 for each existing OIIM American Depositary Share. Note that the $5.00 per ADS consideration needs to be adjusted for the $0.05 per ADS cancellation and a $0.02 per ADS distribution fee. Thus, the adjusted offer price is thus $4.93/ADS.\nWe wish the management and the company’s new owners the best of luck.\nSUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. \n \nDISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. 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