HieFo Corporation entered into an agreement to acquire Substantially All of the Assets of Non-core Discontinued Chips Business Line of EMCORE Corporation (NasdaqCM:EMKR) for $2.92 million on April 30, 2024. The total purchase price of $2.92 million, together with the assumption by the buyer, HieFo Corporation, of certain assumed liabilities, of which $1 million was previously received from HieFo, and $1.92 million was paid by HieFo to EMCORE at the closing of the transaction. Pillsbury Winthrop Shaw Pittman LLP acted as a legal advisor to EMCORE Corporation and Taft Stettinius & Hollister LLP acted as a legal advisor to HieFo Corporation.

HieFo Corporation completed the acquisition of Substantially All of the Assets of Non-core Discontinued Chips Business Line of EMCORE Corporation (NasdaqCM:EMKR) on April 30, 2024.