On January 16, 2020, Intrinsyc Technologies Corporation (“Intrinsyc”) (TSX: ITC and OTCQX: ISYRF) was acquired by Lantronix, Inc. (“Lantronix”) (NASDAQ: LTRX). Lantronix acquired all of Intrinsyc’s common shares for (i) US$0.55 in cash, and (ii) 0.2135 of a Lantronix common share for each common share of Intrinsyc, in a cash and stock transaction valued at approximately US$27.0 million. Lantronix’s acquisition of Intrinsyc includes its portfolio of comprehensive product development services and AI computing modules that serve the consumer and industrial “Internet of Things” industry. Intrinsyc was represented by Farris with a team led by partner, Denise Nawata that included partners Mark Chu (Tax) and Teresa Tomchak (Litigation) and associate Jeff Hart (Corporate). To view a copy of the press release, click here.