Forge Nano completes acquisition of HZO
Bitget2026/11/05 13:36- Forge Nano completed its acquisition of protective electronics coatings provider HZO for approximately 7,300,000 common shares, subject to post-closing adjustments.
- The consideration includes approximately 2,200,000 shares exchanged for shares HZO already held, resulting in net issuance of approximately 5,100,000 shares.
- Approximately 5,800,000 shares are being issued at closing; 1,500,000 are held back for 12 months to secure adjustment and indemnification obligations.
- The acquisition combines atomic layer deposition technology with HZO's high-volume protective coatings business, expanding production capacity and access to electronics customers.
- HZO will retain its brand as a wholly owned subsidiary, led by President Rachael Lerebours.
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.
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