GEORGE TOWN, Grand Cayman, Sept. 19, 2022 (GLOBE NEWSWIRE) — O2Micro Worldwide Restricted (NASDAQ World Choose Market: OIIM) (“O2Micro” or the “Firm”), a world chief within the design, growth and advertising and marketing of high-performance built-in circuits and options, at present introduced that it has obtained a revised preliminary non-binding proposal letter (the “Proposal Letter”), dated September 19, 2022, from FNOF Treasured Honour Restricted (“FNOF”), Mr. Sterling Du, the Chief Govt Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Monetary Officer and a director of the Firm (collectively, the “Consortium”), to cut back the acquisition worth for buying the entire excellent strange shares of the Firm (together with shares represented by American depositary shares (the “ADSs”), every representing 50 shares of the Firm) that aren’t already owned by the Consortium or in any other case rolled over, to US$4.90 per ADS (or US$0.098 per strange share) (the “Proposed Transaction”). A replica of the Proposal Letter is connected hereto as Exhibit A.
As beforehand introduced, the Board had fashioned a particular committee (the “Particular Committee”) to judge the Proposed Transaction, or any different strategic choice that the Firm could pursue. The Particular Committee will proceed to judge the Proposed Transaction in gentle of the most recent growth.
The Board cautions the Firm’s shareholders and others contemplating buying and selling the Firm’s securities that no choices have been made with respect to the Proposal Letter, the Proposed Transaction, or any different strategic choice that the Firm could pursue. There may be no assurance that the Consortium will make any definitive provide to the Firm, that any definitive settlement regarding the Proposal Letter will probably be entered into between the Firm and Consortium, or that the Proposed Transaction or some other comparable transaction will probably be accredited or consummated. The Firm doesn’t undertake any obligation to supply any updates with respect to the Proposed Transaction or some other transaction, besides as required below relevant regulation.
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Based in April 1995, O2Micro develops and markets revolutionary energy administration elements for the Pc, Client, Industrial and Automotive markets. Merchandise embrace Backlighting and Battery Administration.
O2Micro, the O2Micro brand, and combos thereof are registered emblems of O2Micro. All different emblems or registered emblems are the property of their respective house owners.
Protected Harbor Assertion
This announcement accommodates forward-looking statements. These statements are made below the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and comparable statements. O2Micro may additionally make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Trade Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic or present info, together with statements about beliefs and expectations and statements regarding the Proposed Transaction, are forward-looking statements. Ahead wanting statements contain inherent dangers and uncertainties. Precise outcomes, ranges of exercise, efficiency or achievements could differ materially from these expressed or implied in these forward-looking statements for a wide range of causes, together with: adjustments in demand for units that use our merchandise; market circumstances within the semiconductor trade and the economic system as an entire; the phases of our merchandise of their life cycles; variations, expansions or reductions within the mixture of our product choices; the expansion and/or contraction of the Firm; the timing of our product introductions; adjustments in rates of interest; adjustments in availability and value of provides, corresponding to inflation and provide chain points; unpredictability of an lack of ability to regulate the result or timing of litigation; adjustments in relevant legal guidelines, regulatory or geopolitical atmosphere, today techs or accounting requirements; potential delisting of our strange shares and/or ADSs from NASDAQ; particular product manufacturing prices; elevated competitors; adjustments in legal guidelines, guidelines and rules relating to our mental property; introduction of recent opponents or competing applied sciences; and the rise of sudden bills; and assumptions underlying or associated to any of the foregoing. Additional data relating to these and different dangers is included within the today techs Firm’s filings with the Securities and Trade Fee. today techs All data offered on this press launch and within the attachments is as of the date of the press launch, and O2Micro undertakes no responsibility to replace such data, besides as today techs required below relevant regulation.
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