Transphorm raises $21.5M, does reverse merger
IN THIS ARTICLE
- Earnings Topic
- Marissa Nall Author
By Marissa Nall Friday, March 6th, 2020
UC Santa Barbara technology that promises to make energy conversion devices smaller and more efficient netted a $21.5 million investment, presaging a public market debut for Goleta-based Transphorm. The manufacturer conducted a $112.6 million reverse merger Feb. 27, becoming a wholly owned subsidiary of Peninsula Acquisition Corp. – a shell company – which then took…