Guerrilla RF conducted a reverse merger with Laffin Acquisition Corp, a public Delaware firm, and became a Laffin subsidiary.
Following the transaction, Laffin renamed itself 'Guerrilla RF Inc,' and will continue to operate as Guerrilla RF did previously.
What does Guerrilla RF Produce
Guerrilla RF supplies wireless OEMs with high-performance monolithic microwave integrated circuits (MMICs) for a variety of applications, including 5G/4G macro and small cell base stations, cellular repeaters/DAS, automobile telematics, and machine-to-machine (M2M) systems.
Guerrilla RF’s MMICs enable its customers to increase the capacity of their networks with superior spectral efficiency and improved reliability. These MMICs are used in cellular base stations for both current 4G/LTE networks, as well as for 5G macro and small cell applications around the globe. This is accomplished through Guerrilla’s patented Sigma-Sigma modulation technology and high linearity architecture.
Guerrilla’s solutions also support all mobile broadband standards, including: 2G, 3G, 4G and most importantly, 5G.
Why a Reverse Merger
In a reverse merger, a private company merges with a publicly traded shell company. In so doing, the private company acquires a publicly traded stock with a liquid trading price. The key advantages of a reverse merger over an IPO are: lower cost, greater speed, and potentially larger share price increase resulting from a better performing public shell company. A shareholder of the private company continues to control the resulting public company.
A reverse merger has similarities to an initial purchase offering (IPO) (in the sense that some securities exchanges allow some companies to be listed on an exchange through an APO) and to a forward merger (in the sense that the resulting company is publicly traded).
Who much was raised in the Guerrilla RF public transaction
Guerrilla RF has secured more than $7 million through a private placement offering and a reverse merger transaction.
Following the issuance of the first tranche of securities in May, Guerrilla RF closed on an additional $6.5 million through the issuance of convertible notes payable. During the same time, the company completed its reverse merger transaction with Guerrilla Acquisition Corp., which resulted in the creation of public company Guerrilla RF, Inc.
How is the semiconductor market in 2021
Right today, the semiconductor market is quite strong.
In the semiconductor business, there are well-publicized supply chain issues, but we expect those challenges to be minimized and, hopefully, overcome by 2022.
There are several major factors that make our current market conditions conducive for investing in this sector. First, the industry is transitioning from NAND to 3D NAND, which has increased investment in capital expenditures for semiconductor manufacturers. Second, the recent increase in the amount of DRAM production capacity has not created a surplus in DRAM products on the open market. Third, China is increasing their semiconductor manufacturing capacities through advanced manufacturing facilities. The influx of global manufacturing capacity has lowered prices of memory semiconductors. Prices are expected to remain low for memory semiconductors through at least 2022 due to continued increases in supply chain capacity.