GEORGE TOWN, Grand Cayman, Sept. 19, 2022 (GLOBE NEWSWIRE) — O2Micro International Limited (NASDAQ Global Select Market: OIIM) (“O2Micro” or the “Company”), a international chief within the design, growth and advertising and marketing of high-performance built-in circuits and options, as we speak introduced that it has acquired a revised preliminary non-binding proposal letter (the “Proposal Letter”), dated September 19, 2022, from FNOF Precious Honour Limited (“FNOF”), Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company (collectively, the “Consortium”), to scale back the acquisition value for buying all of the excellent odd shares of the Company (together with shares represented by American depositary shares (the “ADSs”), every representing 50 shares of the Company) that aren’t already owned by the Consortium or in any other case rolled over, to US$4.90 per ADS (or US$0.098 per odd share) (the “Proposed Transaction”). A duplicate of the Proposal Letter is connected hereto as Exhibit A.
As beforehand introduced, the Board had shaped a particular committee (the “Special Committee”) to guage the Proposed Transaction, or any different strategic possibility that the Company could pursue. The Special Committee will proceed to guage the Proposed Transaction in mild of the most recent growth.
The Board cautions the Company’s shareholders and others contemplating buying and selling the Company’s securities that no selections have been made with respect to the Proposal Letter, the Proposed Transaction, or any different strategic possibility that the Company could pursue. There will be no assurance that the Consortium will make any definitive supply to the Company, that any definitive settlement regarding the Proposal Letter shall be entered into between the Company and Consortium, or that the Proposed Transaction or every other comparable transaction shall be authorised or consummated. The Company doesn’t undertake any obligation to supply any updates with respect to the Proposed Transaction or every other transaction, besides as required underneath relevant regulation.
Exhibit A
A PDF accompanying this announcement is out there at http://ml.globenewswire.com/Resource/Download/9ccf30e8-bb65-451c-9493-833cb3618e53
About O2Micro
Founded in April 1995, O2Micro develops and markets progressive energy administration elements for the Computer, Consumer, Industrial and Automotive markets. Products embrace Backlighting and Battery Management.
O2Micro, the O2Micro brand, and mixtures thereof are registered logos of O2Micro. All different logos or registered logos are the property of their respective homeowners.
Safe Harbor Statement
This announcement accommodates forward-looking statements. These statements are made underneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology comparable to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and comparable statements. O2Micro may make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Exchange Commission, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic or present information, together with statements about beliefs and expectations and statements regarding the Proposed Transaction, are forward-looking statements. Forward trying statements contain inherent dangers and uncertainties. Actual outcomes, ranges of exercise, efficiency or achievements could differ materially from these expressed or implied in these forward-looking statements for a selection of causes, together with: modifications in demand for gadgets that use our merchandise; market circumstances within the semiconductor trade and the economy as a complete; the levels of our merchandise of their life cycles; variations, expansions or reductions within the combine of our product choices; the expansion and/or contraction of the Company; the timing of our product introductions; modifications in rates of interest; modifications in availability and price of provides, comparable to inflation and provide chain points; unpredictability of an lack of ability to regulate the end result or timing of litigation; modifications in relevant legal guidelines, regulatory or geopolitical setting, or accounting requirements; potential delisting of our odd shares and/or ADSs from NASDAQ; particular product manufacturing prices; elevated competitors; modifications in legal guidelines, guidelines and rules concerning our mental property; introduction of new rivals or competing applied sciences; and the rise of surprising bills; and assumptions underlying or associated to any of the foregoing. Further info concerning these and different dangers is included within the Company’s filings with the Securities and Exchange Commission. All info offered on this press launch and within the attachments is as of the date of the press launch, and O2Micro undertakes no responsibility to replace such info, besides as required underneath relevant regulation.
For extra info, please contact:
Contact Information:
Daniel Meyberg
O2Micro Investor Relations
[email protected]
Joe Hassett
Gregory Communications
[email protected]
