Palomino Labs Closes Vega Links Acquisition, Issues 4.47M Shares, and Appoints CTO and CPO
PALX has more than doubled off its 52-week low of $4 on light trading volume (0.1× avg).
Summary
Palomino Laboratories closed its acquisition of Vega Links, issuing 4.47 million shares and appointing a new CTO and CPO, advancing its AI interconnect strategy.
Key Events · M&A and Partnerships · PALX
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Acquisition Closed
The acquisition of Vega Links Inc. is complete, with Palomino Laboratories issuing 4,472,000 shares of common stock to the selling stockholders in an all-stock transaction.
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Share Issuance and Terms
The exchange ratio is set at 0.4 Palomino shares per Vega Links share. The issued shares are subject to vesting schedules and lock-up restrictions of up to three years from the first trading date on OTC:PALX.
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Executive Appointments
Effective upon closing, Karthik Gopalakrishnan was appointed Chief Technology Officer and Rajesh Radhamohan was appointed Chief Product Officer.
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Strategic Advisory Board
Sudeep Bhoja (Co-founder & CTO of d-Matrix) and Dr. Gopal Raghavan (veteran semiconductor executive) have joined Palomino's Strategic Advisory Board.
Analysis · PALX · Manufacturing
The all-stock acquisition of Vega Links is now complete, with Palomino Laboratories issuing 4,472,000 shares to the selling stockholders. This transaction reshapes the company into a full-spectrum AI interconnect player, expanding its addressable market to over $60 billion. The filing confirms an exchange ratio of 0.4 Palomino shares per Vega Links share, and the newly issued shares carry vesting schedules and lock-up restrictions of up to three years. At closing, the company also strengthened its leadership by appointing Karthik Gopalakrishnan as CTO and Rajesh Radhamohan as CPO, while adding two semiconductor veterans to its strategic advisory board. These moves follow the binding LOI announced on July 16, 2026, and provide concrete terms and leadership changes that reinforce the company's AI infrastructure strategy.
At the time of this filing, PALX was trading at $13.35 on OTC in the Manufacturing sector. The 52-week trading range was $4.00 to $15.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.