Palomino Labs signs binding LOI to acquire Vega Links in all-stock deal

Palomino Laboratories Inc.

All-stock acquisition: 4,472,000 Palomino shares for all Vega equity; exchange ratio 1:2.5.
Expands addressable market from ~$6B to >$60B, per company estimates and LightCounting reports.
Plans to appoint Karthik Gopalakrishnan as CTO and Rajesh Radhamohan as CPO post-closing.
Exclusivity period through Sept 30, 2026 for due diligence and definitive agreement negotiation.
Transaction subject to customary closing conditions; no assurance of completion.

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