🟢 Sivers Semiconductors is trading 12.04% up today after proposed photonics merger with Nordic Acquisition

Sivers Semiconductors is trading 12.04% up now at €2.74 after investors reacted positively to the proposed merger of Sivers Photonics with Nordic Acquisition Corporation.

• The transaction could create a separately listed photonics company, while Sivers retains a controlling stake and benefits from potential AI-related demand.
• The deal remains subject to due diligence, definitive agreements, financing, regulatory review, and shareholder approval.
• The broader semiconductor rally reinforced the move, with SOXX up 2.78%.