Point2 Technology has filed a notice of an exempt offering of securities to raise $92,557,918.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Point2 Technology is raising up to $92,557,918.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Point2 Technology
Point2 Technology designs and manufactures ultra-low power, low-latency, terabit interconnect and range enhancement mixed-signal SoC solutions purpose-built to meet the bandwidth requirements of hyperscale AI/ML data centers and 5G infrastructure. Founded by an accomplished team from Marvell, Finisar and Samsung, Point2 is a leading innovator that is re-imagining data center and 5G cloud infrastructure interconnects in the multi-terabit era.
To learn more, visit https://point2tech.com/
LinkedIn: https://www.linkedin.com/company/point2-technology/
Contact:
Jinho Park, Chief Executive Officer
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