Transphorm raises $21.5M, does reverse merger

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By Marissa Nall / Friday, March 6th, 2020 / Comments Off on Transphorm raises $21.5M, does reverse merger

UC Santa Barbara technology that promises to make energy conversion devices smaller and more efficient netted a $21.5 million investment, presaging a public market debut for Goleta-based Transphorm. The manufacturer conducted a $112.6 million reverse merger Feb. 27, becoming a wholly owned subsidiary of Peninsula Acquisition Corp. – a shell company – which then took…

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