Futurewave Acquisition agrees to merge with Hong Kong chip solutions provider Olympian in deal valuing company at $400 million
FWAC•FWAC•FWAC•FWAC•Futurewave Acquisition agreed to merge with Olympian Group in a deal valuing Olympian at $400 million. Olympian shareholders are set to receive 40 million shares priced at $10 each, and the combined company is expected to remain listed on Nasdaq.
The planned merger values Hong Kong-focused chip and electronic component solutions provider Olympian at $400 million. Its shareholders are set to receive 40 million shares priced at $10 each, and the combined company is expected to remain listed on Nasdaq after completion.
The planned board would have five directors: four appointed by Olympian and one by Futurewave. Key Olympian founders are to receive high-vote Class B shares convertible into Class A shares, with lock-ups tied to time or a $12.50 price trigger.
