Mergers & Acquisitions ·
Forge Nano completes acquisition of HzO for approximately 7.3 million shares
NANOForge Nano Holdings, Inc.
Forge Nano Holdings has completed its acquisition of HzO in an all-stock transaction valued at approximately 7.3 million shares of common stock, subject to customary post-closing adjustments. The deal combines Forge Nano’s atomic layer deposition technology with HzO’s high-volume Parylene and thin-film protective coating capabilities for the electronics and semiconductor sectors. Approximately 5.8 million shares are issued at closing, while 1.5 million are held back for indemnification purposes. HZO will operate as a wholly owned subsidiary under its existing brand. Forge Nano Holdings is a U.S.-based semiconductor equipment and advanced materials company specializing in nanoscale coating systems.