Wilbur Ross’s SPAC in Talks to Merge With GaN Systems: Report

GaN Systems, which specializes in gallium-nitride technology for products such as semiconductors and transistors, is in talks to go public through Wilbur Ross’s Ross Acquisition Corp. II, Bloomberg reports, citing people with knowledge of the matter.

Terms could change and the talks could fall apart, the sources said.

The SPAC raised $300 million in a March IPO to target companies engaged in EVs, renewable energy and tech. Read more.

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