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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.
ams proposes revised shares-only earn-outstructure to former Heptagon shareholders / Picture: © Vindobona.org
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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