M&A
confidence high
sentiment positive
materiality 0.85
Palomino Labs closes Vega Links acquisition, appoints new CTO and CPO, adds advisory board
Palomino Laboratories Inc.
- Acquired all outstanding VLI shares for 4,472,000 shares of PALX common stock (exchange ratio 0.4:1).
- Appointed Karthik Gopalakrishnan as CTO and Rajesh Radhamohan as CPO effective upon closing.
- Added Sudeep Bhoja (d-Matrix CTO) and Dr. Gopal Raghavan to Strategic Advisory Board.
- Expands estimated addressable market by ~10x to >$60B in AI interconnect.
- Certain stockholders subject to lock-up restrictions up to 3 years from first trading date.