Mergers & Acquisitions ·
Palomino Laboratories completed its acquisition of Vega Links on July 31, 2026, by issuing 4,472,000 shares to acquire…
PALXPalomino Laboratories Inc.
Palomino Laboratories completed its acquisition of Vega Links on July 31, 2026, by issuing 4,472,000 shares to acquire all 11,180,000 outstanding shares of the semiconductor company. The transaction establishes an exchange rate of 0.4 Palomino shares for each Vega Links share and includes assumed stock purchase agreements. Key executive appointments include Karthik Gopalakrishnan as Chief Technology Officer and Rajesh Radhamohan as Chief Product Officer to lead AI interconnect strategy. This acquisition expands Palomino's addressable market to over $60 billion by combining its gallium nitride MicroLED technologies with Vega Links' high-speed silicon design capabilities. Palomino Laboratories operates in the artificial intelligence infrastructure sector, developing next-generation connectivity solutions and chipsets for data centers.