EMagin | Jotup

Samsung Display Completes Acquisition of eMagin

Retrieved on:

Wednesday, October 18, 2023

Transfer, Security (finance), NYSE, Quality control, Acquisition, Samsung Display, EMagin, Growth, Samsung, Apple Inc. v. Samsung Electronics Co., NYSE American, AR, Korea, Mobile phone

HOPEWELL JUNCTION, N.Y. and SEOUL, Republic of Korea, Oct. 18, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced the completion of its acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, for $2.08 per share in an all-cash transaction valued at approximately $218 million.

Key Points:

HOPEWELL JUNCTION, N.Y. and SEOUL, Republic of Korea, Oct. 18, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced the completion of its acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, for $2.08 per share in an all-cash transaction valued at approximately $218 million.
“I know I speak for everyone at eMagin when I say that we are very excited to be teaming with Samsung Display, a global leader in display technology,” said Andrew G. Sculley, eMagin’s Chief Executive Officer.
“We will continue to operate under the eMagin name in our Hopewell Junction, New York facilities and serve our valued military, medical and commercial customers.
We are confident that with the assistance of Samsung Display we can reach even greater levels of quality, resolution and luminance for our displays and accelerate the development of our Direct Patterning Technology, dPd.”
“The eMagin team shares Samsung Display’s commitment to connecting people and technology in meaningful and valuable ways by creating displays that go beyond the user’s imagination,” said Joo Sun Choi, President and CEO of Samsung Display.

IDTechEx Asks, Will LCDs Be Replaced in VR

Retrieved on:

Wednesday, September 27, 2023

It predicts the VR display market to grow at a CAGR of 7.5% to 2034, with innovation in display technology driving this growth ahead of the whole VR market.

Key Points:

It predicts the VR display market to grow at a CAGR of 7.5% to 2034, with innovation in display technology driving this growth ahead of the whole VR market.
As this problem was solved, VR headset designers saw the other advantages of LCDs, as well as their lower cost.
The display industry clearly views this technology as extremely important, and IDTechEx expects OLED-on-Si to be a leading VR display technology by 2034.
As the VR landscape evolves, OLED-on-Si and other emerging technologies, including micro-LED, are expected to reshape the VR display landscape, eventually ending LCDs' current reign.

IDTechEx Asks, Will LCDs Be Replaced in VR

Retrieved on:

Wednesday, September 27, 2023

It predicts the VR display market to grow at a CAGR of 7.5% to 2034, with innovation in display technology driving this growth ahead of the whole VR market.

Key Points:

It predicts the VR display market to grow at a CAGR of 7.5% to 2034, with innovation in display technology driving this growth ahead of the whole VR market.
As this problem was solved, VR headset designers saw the other advantages of LCDs, as well as their lower cost.
The display industry clearly views this technology as extremely important, and IDTechEx expects OLED-on-Si to be a leading VR display technology by 2034.
As the VR landscape evolves, OLED-on-Si and other emerging technologies, including micro-LED, are expected to reshape the VR display landscape, eventually ending LCDs' current reign.

eMagin Stockholders Approve Acquisition by Samsung Display

Retrieved on:

Thursday, August 31, 2023

Certification, NYSE American, EMagin, Apple Inc. v. Samsung Electronics Co., AR, Acquisition, NYSE, Cyprus Securities and Exchange Commission, Security (finance)

HOPEWELL JUNCTION, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced that its stockholders voted to approve eMagin’s pending acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, at eMagin’s special meeting of stockholders held earlier today.

Key Points:

HOPEWELL JUNCTION, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced that its stockholders voted to approve eMagin’s pending acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, at eMagin’s special meeting of stockholders held earlier today.
The final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by eMagin with the U.S. Securities and Exchange Commission, after certification by eMagin’s inspector of elections.
The transaction is currently expected to close in the second half of 2023, subject to customary closing conditions, including the receipt of regulatory approvals.
Upon completion of the transaction, eMagin common stock will no longer trade on the NYSE American, and eMagin will become a private company.

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend eMagin Shareholders Vote “For” Proposed Transaction with Samsung Display

Retrieved on:

Monday, August 21, 2023

LLP, Samsung Electronics, EMagin, Display, Downside risk, Calendar, Institutional Shareholder Services, White & Case, Samsung, Capital surplus, Glass Lewis, Myers, Samsung Display, Glass, NYSE, AR, ISS, Holding company, Security (finance)

HOPEWELL JUNCTION, N.Y., Aug. 21, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced both leading independent proxy advisory firms, Institutional Shareholder Services, Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), have recommended that eMagin shareholders vote in favor of the proposed merger transaction with Samsung Display Co., Ltd., a subsidiary of Samsung Electronics Co. Ltd. and a worldwide manufacturer and distributor of display products.

Key Points:

As previously announced, eMagin shareholders would receive $2.08 per share in cash in a proposed transaction valued at approximately $218 million.
ISS and Glass Lewis are the leading independent, third-party proxy advisors to thousands of institutional investors and pension funds.
Until closing, eMagin and Samsung Display remain separate and independent companies.
Evercore Inc. is serving as exclusive financial advisor to Samsung Display and O'Melveny & Myers LLP is acting as legal counsel.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates EQRX, WMC, EMAN

Retrieved on:

Friday, August 11, 2023

EMagin, Fraud, NYSE, Advertising, Sale, Security (finance), Western Asset Management Company

If you are an EQRx shareholder, click here to learn more about your rights and options .

Key Points:

If you are an EQRx shareholder, click here to learn more about your rights and options .
If you are a Western Asset shareholder, click here to learn more about your rights and options .
Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

eMagin Corporation Reports Second Quarter 2023 Results

Retrieved on:

Thursday, August 10, 2023

HOPEWELL JUNCTION, N.Y., Aug. 10, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation, or the “Company,” (NYSE American: EMAN), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced results for its second quarter ended June 30, 2023.

Key Points:

HOPEWELL JUNCTION, N.Y., Aug. 10, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation, or the “Company,” (NYSE American: EMAN), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced results for its second quarter ended June 30, 2023.
Total revenues for the second quarter of 2023 decreased 31% to $5.0 million, compared with $7.2 million reported in the prior-year period.
Operating expenses for the second quarter of 2023, including R&D expenses, were $10.7 million, compared with $3.4 million in the prior-year period.
Adjusted EBITDA for the second quarter of 2023, which excludes expenses related to the merger agreement, was negative $2.6 million.

eMagin to Announce Second-Quarter 2023 Results on August 10, 2023

Retrieved on:

Thursday, August 3, 2023

PIN, NYSE, EMagin, Television, Broadcasting, Mobile phone

HOPEWELL JUNCTION, N.Y., Aug. 03, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation or the “Company,” (NYSE American: EMAN), a leader in the development, design, and manufacture of high-resolution micro-OLED displays for virtual and augmented reality solutions, today announced it will release its second-quarter results on Thursday, August 10, 2023.

Key Points:

HOPEWELL JUNCTION, N.Y., Aug. 03, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation or the “Company,” (NYSE American: EMAN), a leader in the development, design, and manufacture of high-resolution micro-OLED displays for virtual and augmented reality solutions, today announced it will release its second-quarter results on Thursday, August 10, 2023.
Management will host a conference call and simultaneous webcast at 9:00 a.m.
ET on August 10, 2023, to discuss its quarterly results.
The live, listen-only webcast will be accessible on the Company’s Investor Relations website via https://www.emagin.com/investors/event-webcast .

EMAGIN CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of eMagin Corporation - EMAN

Retrieved on:

Wednesday, July 26, 2023

Legal, Professional Services, EMagin, Apple Inc. v. Samsung Electronics Co., KSF, NYSE, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of eMagin Corporation (NYSE: EMAN) to Samsung Electronics Co., Ltd.

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of eMagin Corporation (NYSE: EMAN) to Samsung Electronics Co., Ltd.
Under the terms of the proposed transaction, shareholders of eMagin will receive $2.08 in cash for each share of eMagin that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Moore Kuehn Encourages CWBR, KDNY, GHL, and EMAN Investors to Contact Law Firm

Retrieved on:

Wednesday, July 19, 2023

Greenhill & Co., PLLC, EMagin, Wall Street, Mizuho Financial Group, Morphogenesis, Fraud, Therapy, Novartis, Security (finance), Bank, Chinook

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points:

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.