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Penta Group is handling San Jose’s GCT Semiconductor, which going public via a $660M SPAC deal with Concord Acquisition Corp.
GCT claims to be one of only a handful remaining semiconductor companies with commercially proven 4G LTE and 5G chips.
It supports major wireless programs and has a strategic relationship with Samsung.
GCT CEO John Schlaefer said Concord “has a deep understanding of our technology, customer base, and the timing and potential of the 4G and 5G markets.”
He expects Concord’s funding will fuel product development and commercialization efforts in the global marketplace.
GCT will trade on the New York Stock Exchange.
Penta Group’s Cosette Gastelu represents GCT.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
