SEEC, Inc. announced a merger agreement with Allegro Merger Corp.
Under the terms of the agreement, SEEC will form a wholly owned subsidiary merging with Allegro.
The transaction values SEEC at approximately $1 billion.
Merger Agreement
SEEC to form a wholly owned subsidiary merging with Allegro.
Transaction Value
The transaction values SEEC at approximately $1 billion.
Technology Focus
SEEC develops energy efficient digital chips for quantum computing systems.
- The merger agreement will result in Allegro becoming a wholly owned subsidiary of SEEC.
- SEEC's technology integrates control, readout, and processing functions for quantum computing systems.
The merger marks a strategic move for SEEC to enhance its quantum computing capabilities through the acquisition of Allegro.