REG - Alphawave IP Group - Acquisition of OpenFive Approved by All Regulators

Alphawave IPAnnouncement

26/08/2022 07:00

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RNS Number : 3047X  Alphawave IP Group PLC  26 August 2022

 

Alphawave IP Acquisition of OpenFive Approved by All Regulators

 

CIFIUS clearance received and transaction expected to close in September 2022

 

LONDON, United Kingdom and TORONTO, Ontario, Canada Aug 26, 2022 - Alphawave
IP Group plc (LN: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.

 

 

 

 

 

Contact Information:

 

 Alphawave IP Group plc         John Lofton Holt, Executive Chairman      ir@awaveip.com

                                Jose Cano, Global Head of IR              +44 (0) 20 7717 5877
 Brunswick Group  Simone Selzer                      alphawave@brunswickgroup.com

                  Sarah West                         +44 (0) 20 7404 5959
 Gravitate PR                   Lisette Paras                             alphawave@gravitatepr.com

                                Wynton Yu                                 +1 415 420 8420

 

 

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
(http://www.awaveip.com/)

 

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