I spoke with a short investor last week who was insistent, “There’s no way Resonant’s strategic deal with Murata is real.”
This morning, Resonant Inc. (RESN) announced the finalization of a commercial agreement with the world’s largest RF module manufacturer.
Ahead of schedule, too.
- The closing includes a $7 million strategic investment and $2 million in prepaid royalties.
- RESN will collect another $7 million in prepaid royalties over the next 30 months.
- Remember, the company also received $3 million from long-term investors, as part of the deal.
All told that’s…
Want to keep reading? No problem! All you have to do is sign up for FREE here as a registered user.
By doing so, you agree to receive periodic research updates from DTR and only DTR.
We will never rent, sell or share your info.