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Sivers Semiconductors to merge Photonics unit with byNordic SPAC to form publicly traded Silicon Valley company

On August 6, Sivers Semiconductors AB announced signing a non-binding letter of intent (LOI) to merge its subsidiary, Sivers Photonics Ltd, with byNordic Acquisition Corporation, a publicly traded special purpose acquisition company (SPAC). The merger would create a standalone, publicly traded photonics company.
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