Visium Technologies signs term sheet to transfer device rights into new Indonesian PMA unit
Bitget2026/09/21 20:20- Visium Technologies signed a non-binding term sheet to assign specified contract-use, offtake, and deployment rights into a new Indonesian PMA company.
- A wholly owned Delaware unit would hold a 99% stake in the Indonesian vehicle.
- The proposed deal is an asset assignment, not an acquisition of an operating company or semiconductor manufacturing business.
- Closing remains conditional on key approvals and consents, including device specifications, export-control classification, Indonesian approvals, and Florida corporate approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Novo Nordisk (NVO.US) Capital Markets Day underwhelms: CEO admits too many commitments, insufficient fulfillment, and the need to rebuild investor confidence
Novo Nordisk CEO Lars Fruergaard Jørgensen said in an interview on Tuesday that the company must make greater efforts to rebuild investor confidence, as its largest drug will face a patent cliff in the early part of the next decade.
BUZZ - Vicor shares surge as royalty income boosts earnings outlook
UBS: Meta’s Muse demonstrates broad application prospects, which will benefit the AI supply chain.
Crypto prices
More
