Sun Receives 3.5 Million Shares from Equity Method Affiliate Cellebrite

MT Newswires Live12-09

Sun Corp. (TYO:6736) has received 3.49 million shares from its Nasdaq-listed equity method affiliate Cellebrite, according to its filing last Friday.

The shares are part of the 5 million Cellebrite shares authorized to be received by the company as compensation adjustment following a triangular merger deal between Cellebrite and TWCH Tech and Cupcake.

Under the agreement, if the volume weighted average price of Cellebrite exceeds $12.5, $15 and $17.5 on any of 20 of the 30 days within 5 years, Cellebrite will issue up to 5 million shares to Sun Corp.

Share of Cellebrite, which listed on Aug. 31, 2021, rose to $12.5 on Aug. 14, $15 on Sept. 15, and $17.5 on Nov. 1.

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(TYO:6736) has received 3.49 million shares from its Nasdaq-listed equity method affiliate Cellebrite, according to its filing last Friday.The shares are part of the 5 million Cellebrite ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490661557","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490661557","pubTimestamp":1733702487,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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