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Swave Photonics has appointed Mike Noonen as CEO, succeeding Theodore Marescaux. Noonen aims to enhance the commercialization of Swave's Holographic eXtended Reality (HXR) technology, which delivers ultra-high-resolution 3D images for AR/VR applications. The technology is designed to revolutionize the metaverse experience without the need for headsets. Swave's HXR chips leverage diffractive photonics to achieve exceptional pixel resolution. The company is expanding its management and engineering teams to accelerate product development and market entry.
SK Growth Opportunities Corporation has priced its initial public offering at $10.00 per unit, raising $200 million through the sale of 20,000,000 units. Each unit comprises one Class A ordinary share and one-half of a warrant, with each whole warrant allowing purchase of an additional share at $11.50. The offering will close on June 28, 2022, with Deutsche Bank Securities acting as the sole book runner. A 45-day option for the underwriter to purchase an additional 3,000,000 units is also included. The offering is listed under the ticker symbol 'SKGRU' on Nasdaq.
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