Odyssey Semiconductor Technologies Inc of Ithaca, NY, USA — which develops high-voltage vertical power switching components based on proprietary gallium nitride (GaN) processing technology — has updated the timelines for its plan to complete its dissolution and liquidation, as approved by stockholders at a special meeting on 3 June following the closing of the sale of substantially all of its asset to Power Integration Inc of San Jose, CA, USA (which provides high-voltage integrated circuits for energy-efficient power conversion) on 1 July. After completion of the relevant statutory and regulatory procedures, the firm also intends to declare a liquidating cash distribution, subject to payments of any claims and obligations...
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