m_and_a
confidence high
sentiment positive
materiality 1.00
Palomino Laboratories goes public via reverse merger with Unite Acquisition, raises $9.5M in PIPE
Palomino Laboratories Inc.
- Merger closed Sep 29, 2025; Palomino (pre-revenue microLED optical transceiver) becomes public; total shares outstanding 18.6M.
- PIPE raised $9.48M at $1.50/Unit (6.32M Units); SAFEs converted into 1.54M Units at $1.20 for $1.85M.
- New officers: CEO Jeff Shealy, CAO Jason Tu, Secretary Richard Ogawa; board: Shealy, Ogawa, Steven DenBaars.
- Three-year lock-up for Palomino stockholders; company intends to seek OTCQB or exchange listing.