Ortel LLC acquired Non-Strategic Product Lines in U.S. and EMCORE Hong Kong, Limited from EMCORE Corporation (NasdaqGM:EMKR) on October 11, 2023. EMCORE Corporation have transferred assets in U.S. and EMCORE Hong Kong, Limited will be transferred within 45 days. Ortel has, or will have prior to the Closing, sufficient unrestricted cash on hand, available lines of credit or other sources of immediately available funds to enable it to pay, in cash, the amounts payable pursuant to this Agreement or otherwise necessary to consummate all the transactions contemplated hereby. Pillsbury Winthrop Shaw Pittman LLP acted as the legal advisor to EMCORE and Fox Rothschild LLP acted as the legal advisor to Ortel.

Ortel LLC completed the acquisition of Non-Strategic Product Lines in U.S. and EMCORE Hong Kong, Limited from EMCORE Corporation (NasdaqGM:EMKR) on October 11, 2023.