RCS - Incergo S.A. - TERMS AGREED TO ACQUIRE VISUAL SEMICONDUCTOR, INC.
14/04/2025 14:30
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RNS Number : 9407E Incergo S.A. 14 April 2025
INCERGO S.A. AGREES TERMS TO ACQUIRE VISUAL SEMICONDUCTOR, INC.
[Vienna, 14 April 2025] Incergo S.A. ("Incergo") is delighted to announce that
it has agreed terms to acquire Visual Semiconductor, Inc. ("VSI"), which is a
fast growing and exciting semiconductor company, into the Group. VSI is at the
forefront of next-generation glasses-free 3D technology, transforming the way
users experience digital content. Specializing in cutting-edge 3D ASIC chips,
VSI is pioneering large-scale 3D displays for live events, digital advertising
and cinema, delivering immersive experiences without the need for special
eyewear.
Incergo has entered into negotiations to acquire VSI for a consideration up to
EUR 53 million by way of a loan note which, subject to regulatory approvals,
will be fully settled by way of conversion to shares at EUR 2.00 per share.
VSI's Founder & CEO Mathu Rajan said, "Joining Incergo is a crucial
milestone that will allow VSI to commence significant commercialization of our
3-D televisions. We intend to hit the ground running and start fulfilling
purchase orders."
Commenting on the announcement, the management of Incergo, stated: "This marks
an exciting new acquisition for Incergo. The acquisition of VSI aligns with
our strategy to drive long-term value for our shareholders"
The transaction remains subject to final agreements and customary regulatory
approvals. Further updates will be provided as the acquisition progresses.
About Incergo S.A.
Incergo S.A is a holding company that brings together businesses with a unique
formula for growth. https://www.incergo.net/
About Visual SemiConductor, Inc
Visual SemiConductor, Inc ("VSI") is a U.S. based Deep Tech company
specializing in Glasses-Free 3-dimensional television monitor-based technology
for a wide array of utilities, including virtual reality, augmented reality,
3D, and holograms. Its breakthrough technology - which has been brought to
maturity through years of careful research and development - allows content to
be displayed in unparalleled rich and natural three dimensions directly on
device screens. The technology allows for a continuous, 140-degree viewing
angle and provides an optimal quality 3D experience for multiple viewers
without the need for glasses, cameras, or head-tracking.
https://visualsemi.com/
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