CIFIUS clearance received and transaction
expected to close in September
2022
LONDON and TORONTO, Aug. 26,
2022 /PRNewswire/ - Alphawave IP Group plc (LSE: AWE)
("Alphawave IP", the "Company"), a global leader in high-speed
connectivity for the world's technology infrastructure, is pleased
to announce that it has received all regulatory clearances required
for the completion of the previously announced acquisition of
OpenFive, including approval from the Committee on Foreign
Investment in the United States
(CFIUS).
The transaction is expected to close in September 2022 subject to the satisfaction of
other customary closing conditions.
The Company will provide a further update once the acquisition
has completed.
About Alphawave IP Group plc (LSE: AWE)
Faced with the exponential growth of data, Alphawave IP's
technology services a critical need: enabling data to travel
faster, more reliably and with higher performance at lower power.
Alphawave IP is a global leader in high-speed connectivity for the
world's technology infrastructure. Our IP solutions meet the
needs of global tier-one customers in data centers, compute,
networking, AI, 5G, autonomous vehicles, and storage. Founded in
Toronto, Canada in 2017, by an
expert technical team with a proven track record in licensing
semiconductor IP, our mission is to focus on the hardest-to-solve
connectivity challenges. To find out more about Alphawave IP,
visit: awaveip.com
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SOURCE Alphawave IP Group Plc