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ams proposes revised shares-only earn-outstructure to former Heptagon shareholders to reflect higher-than-expected capital expenditure requirements
Press Wire ♦
Published: February 20, 2018; 07:27 ♦ (Vindobona)

ams has proposed a revised earn-out structure to the former shareholders of Heptagon reflecting higher-than-expected capital expenditures and other costs which were required for Heptagon's business to realize its 2017 revenue pipeline.

To ensure Heptagon's business achieved the expected success in 2017, ams had to
provide financing for significantly higher levels of capital expenditures and
committed significantly more resources than projected; this enabled Heptagon's
business to establish sufficient production capacity and execute the extensive
new product ramp-ups at the core of its 2017…
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