(Oslo, Norway – July 1, 2025) Reference is made to the stock exchange notice by Nordic Semiconductor ASA on June 24, 2025, where it was communicated that Nordic Semiconductor would acquire Memfault Inc. for USD 120 million.
The transaction has today been successfully completed. The three founders of Memfault - CEO Francois Baldassari, CTO Chris Coleman and VP Developer Experience Tyler Hoffman – will reinvest 30% of their share sale proceeds in Nordic Semiconductor shares, totaling approximately USD 13 million.
For further information, please contact: Pål Elstad, CFO, pal.elstad@nordicsemi.no +47 99 166 293
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5 -12.
This stock exchange announcement was published by Pål Elstad, CFO, on July 1, 2025 at 16:50 CEST.