SAN JOSE, Calif., April 22, 2025 /CNW/ -- Spectra7 Microsystems Inc. (TSXV:SEV.VN) (OTC-BB:SPVNF) ("Spectra7" or the "Company") is pleased to announce the closing of its previously announced sale transaction of substantially all of the assets (the "Assets") of Spectra7 and its subsidiaries (the "Sale Transaction") to Parade Technologies, Ltd. (TPEx:4966.TWO) ("Parade"), an arm's length party and a leading supplier of video display, touch controller, and high-speed interface ICs, pursuant to the terms and conditions of the asset purchase agreement dated March 7, 2025 (the "Purchase Agreement"). The Assets include intellectual property (IP), products, designs, inventory, and other specified items.
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