Credo to acquire DustPhotonics for $750M cash + 0.92M shares

Credo Technology Group Holding Ltd announced it will acquire 100% of DustPhotonics Ltd., an Israeli company, through a share purchase agreement. The upfront consideration for the acquisition includes $750 million in cash and approximately 0.92 million of Credo's ordinary shares. Additionally, the agreement provides for potential incremental contingent consideration of up to approximately 3.21 million ordinary shares based on the achievement of certain financial milestones. The Company Ordinary Shares to be issued will rely on exemptions from registration requirements under the Securities Act.