Flexible Electronics News

Arrowhead Subsidiary Unidym, Inc. Acquired by Wisepower Co., Ltd.

Wisepower is a leading supplier of Li-polymer batteries for mobile appliances in Asia

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Arrowhead Research Corp. announced that its Unidym, Inc. subsidiary has been acquired by Wisepower Co., Ltd., a publicly-traded, Seoul, Korea-based electronics company. Upfront consideration to Unidym shareholders consists of Wisepower stock and convertible bonds valued at US $5,000,000 with certain restrictions as to timing of stock sales. Unidym shareholders are also entitled to cash earn-out payments up to US $140 million based on cumulative sales and licensing milestones. Finally, Unidym...

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