Palomino Laboratories entered into a binding letter of intent to acquire Vega Links, an AI interconnect infrastructure developer. The stock-for-stock deal contemplates issuing 4,472,000 Palomino shares for all Vega equity, reflecting an exchange ratio of 1:2.5 against Vega's 11,180,000 shares. The LOI includes exclusivity through Sep 30, 2026 while the parties conduct due diligence and negotiate definitive agreements. Closing remains subject to diligence and final documentation, and there is no assurance a transaction will be completed.
Agreement details:
- Agreement type: Binding letter of intent for stock acquisition of all outstanding shares
- Counterparty: Vega Links
- Signed / Effective: Jul 14 2026 / same
- Duration / Termination: Exclusivity through Sep 30 2026
- Reason: Expand into AI interconnect infrastructure and bandwidth technologies
Original SEC Filing:
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