Nanoveu (ASX:NVU) has finalized its 100% acquisition of Singapore-based semiconductor design company Embedded A.I. Systems (EMASS), according to a Tuesday filing with the Australian bourse.
The deal adds EMASS's ultra-low-power system-on-chip technology to Nanoveu's portfolio, the filing said.
Additionally, the company issued 172.4 million consideration shares and 83.3 million performance rights, with the shares subject to a 24-month escrow, the filing added.
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