Mergers & Acquisitions ·
Palomino acquires Vega Links for 4,472,000 shares, recording $25,712 preliminary goodwill
PALXPalomino Laboratories Inc.
Palomino Laboratories Inc. completed its acquisition of Vega Links, Inc., a development-stage semiconductor connectivity technology company, on July 31, 2026. Palomino issued an aggregate of 4,472,000 restricted shares of its common stock to Vega Links' stockholders at a fixed exchange ratio of 0.4 Palomino shares for each Vega Links share. The transaction was accounted for as a business combination with Palomino as the acquirer. Preliminary purchase price allocation recognized $25,712 in goodwill and a $20,657 intangible asset for in-process research and development (IPR&D). Vega Links' officers and directors resigned upon closing, replaced by Palomino designees Jason Tu and Richard Ogawa. The acquired entity had no revenue-generating operations as of its inception on January 21, 2026.