Transphorm raises $21.5M and does reverse merger

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Transphorm raises $21.5M and does $112.6M reverse merger

By Staff Report / Tuesday, March 3rd, 2020 / Comments Off on Transphorm raises $21.5M and does $112.6M reverse merger

Goleta semiconductor manufacturer Transphorm raised nearly $21.5 million in late February and conducted a $112.6 million reverse merger. The company became a wholly owned subsidiary of Peninsula Acquisition Corp., a shell company, which then took on the Transphorm name and business, according to filings with the Securities and Exchange Commission Feb. 27. Transphorm said it…

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