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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.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
