QuickLogic Corporation (NASDAQ: QUIK) acquired SensiML Corporation for $1.4 million on January 3, 2019. The total aggregate purchase price was $1.2 million and $0.2 million worth of shares were deposited into escrow to be held for twelve months as security against indemnity claims made by QuickLogic after the closing date. QuickLogic will fund the acquisition in common stock. After the transaction SensiML Corporation will operate as a division of QuickLogic Corporation. Transaction is expected to have positive EBITDA by the end of the year. Alan Seem of Jones Day acted as legal advisor to QuickLogic Corporation. QuickLogic Corporation (NASDAQ: QUIK) completed the acquisition of SensiML Corporation on January 3, 2019.