Nanosys said to be in talks for SPAC Deal?
Quantum Dot supplier to the stars Nanosys (pvt) is said to be in talks with a SPAC firm to bring the company public, which we find somewhat surprising as the company has access to capital through a wide variety of investors that have participated in the company’s private funding, including Samsung (005930.KS), BOE (200725.CH), and LG Display (LPL). The company’s recent acquisition of Glo (pvt) gives the company a leg up in the development of micro-LEDs and is a part of the Samsung’s QD/OLED program, along with the potential for development of quantum dots as direct emitters in the future.
While we hear SPAC rumors all the time, this one was among the most surprising as we would have expected Nanosys, if they were to SPAC out, to choose a high quality SPAC that has produced better results for investors, but we quote an old Thom McCann quote that is usually attributed to defunct CE retailer Crazy Eddie, “Money talks, Nobody Walks”. See our recent notes for more information on Nanosys.
While we hear SPAC rumors all the time, this one was among the most surprising as we would have expected Nanosys, if they were to SPAC out, to choose a high quality SPAC that has produced better results for investors, but we quote an old Thom McCann quote that is usually attributed to defunct CE retailer Crazy Eddie, “Money talks, Nobody Walks”. See our recent notes for more information on Nanosys.
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