[Foxconn Interconnect Technology] Board Resolution on Cash Capital Increase for Subsidiary Pinnaclite Technologies, Inc.
Key facts
- [Foxconn Interconnect Technology] Board Resolution on Cash Capital Increase for Subsidiary Pinnaclite Technologies, Inc.
- Foxconn Interconnect Technology (FIT) announces that its subsidiary Pinnaclite Technologies, Inc. has resolved to raise $12.5 million via cash capital increase for the acquisition of Pingood Group.
- Source: PR Times
- Date: June 17, 2026
Direct answer
Foxconn Interconnect Technology (FIT) announces that its subsidiary Pinnaclite Technologies, Inc. has resolved to raise $12.5 million via cash capital increase for the acquisition of Pingood Group.
- Citation
- [Foxconn Interconnect Technology] Board Resolution on Cash Capital Increase for Subsidiary Pinnaclite Technologies, Inc. (June 17, 2026), PR Times
- Source
- PR Times
- Date
- June 17, 2026
Foxconn Interconnect Technology (FIT) announces that its subsidiary Pinnaclite Technologies, Inc. has resolved to raise $12.5 million via cash capital increase for the acquisition of Pingood Group.
📋 Article Processing Timeline
- 📰 Published: June 17, 2026 at 09:00
- 🔍 Collected: June 18, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 19:58 (2h 57m after Collected)
1. Date of Board resolution: June 17, 2026
2. Source of funds: Cash capital increase via common stock issuance.
3. Total reporting: No.
4. Total issuance amount and shares: $12,500,000 and 12,500 shares.
5. Amount/shares for total reporting: Not applicable.
6. Residual balance after total reporting: Not applicable.
7. Par value per share: $1,000 USD.
8. Issuance price: $1,000 USD.
9. Employee subscription: None.
10. Public offering: None.
11. Existing shareholder allocation: Not applicable.
12. Treatment of fractional shares: Not applicable.
13. Rights/obligations of new shares: Same as existing shares.
14. Use of proceeds: Part of the purchase price for Pingood Group.
15. Reasonableness after cash reduction: Not applicable.
16. Other notes: None.
2. Source of funds: Cash capital increase via common stock issuance.
3. Total reporting: No.
4. Total issuance amount and shares: $12,500,000 and 12,500 shares.
5. Amount/shares for total reporting: Not applicable.
6. Residual balance after total reporting: Not applicable.
7. Par value per share: $1,000 USD.
8. Issuance price: $1,000 USD.
9. Employee subscription: None.
10. Public offering: None.
11. Existing shareholder allocation: Not applicable.
12. Treatment of fractional shares: Not applicable.
13. Rights/obligations of new shares: Same as existing shares.
14. Use of proceeds: Part of the purchase price for Pingood Group.
15. Reasonableness after cash reduction: Not applicable.
16. Other notes: None.
FAQ
What are the key facts in this article?
Foxconn Interconnect Technology (FIT) announces that its subsidiary Pinnaclite Technologies, Inc. has resolved to raise $12.5 million via cash capital increase for the acquisition of Pingood Group.
What is the direct answer?
Foxconn Interconnect Technology (FIT) announces that its subsidiary Pinnaclite Technologies, Inc. has resolved to raise $12.5 million via cash capital increase for the acquisition of Pingood Group.
What is the source and date?
PR Times: https://mops.twse.com.tw/material/twse-4977-2026-06-17-f6708941 | June 17, 2026