Daktronics acquires MicroLED IP, equipment, and hires 15 XDC engineers

DAKTRONICS INC /SD/

Daktronics acquires XDC's MicroLED IP, equipment, and hires 15 engineers; no cash paid.
Consideration: cancellation of XDC's promissory note principal and accrued interest owed to Daktronics.
Daktronics previously held a 16.4% ownership interest in XDC as of Nov 1, 2025.
Futuresource forecasts Narrow Pixel Pitch market to reach $12B by 2029, driven by MicroLED.
Acquisition expected to differentiate Daktronics across all segments and enhance competitive position.

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