AcquisitionsAug 5, 2026, 11:23 AM
Palomino Labs Acquires Vega Links to Boost AI Interconnects
AI Summary
Palomino Laboratories Inc. announced the successful acquisition of Vega Links, Inc., a developer of semiconductor integrated circuits for high-speed interconnects. The transaction, completed on July 31, 2026, involved exchanging all outstanding Vega Links shares for 4,472,000 shares of Palomino common stock. This strategic move is expected to transform Palomino into a comprehensive AI interconnect company, expanding its addressable market significantly. Additionally, Palomino appointed Karthik Gopalakrishnan as CTO and Rajesh Radhamohan as CPO, and added Sudeep Bhoja and Dr. Gopal Raghavan to its Strategic Advisory Board.
Key Highlights
- Palomino Laboratories Inc. acquired Vega Links, Inc. on July 31, 2026.
- Acquisition involved exchanging 11,180,000 VLI shares for 4,472,000 Palomino shares.
- Exchange rate was 0.4 Palomino share for every 1 Vega Links share.
- Acquisition expands Palomino's estimated addressable market by 10x to over $60 billion.
- Karthik Gopalakrishnan appointed CTO and Rajesh Radhamohan appointed CPO.
- Sudeep Bhoja and Dr. Gopal Raghavan joined Palomino's Strategic Advisory Board.
Price Impact
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