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Utica Leaseco agrees to Ubiquity Solar Acquiring the Rights to the Assets of Alta Devices
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Ubiquity Solar Inc. (Ubiquity), a photovoltaic (PV) technology company, and Utica Leaseco, LLC (Utica), an asset-based specialty finance company, are pleased to announce the execution of a definitive agreement, whereby Ubiquity has procured from Utica rights to the intellectual property, R&D, production, inventory and other assets (the GaAs Assets) previously part of Alta Devices (Alta) of Sunnyvale, CA. As part of the parties’ transaction, Utica will acquire certain warrants to purchase capital stock of Ubiquity. ROCHESTER HILLS, Mich. (PRWEB) December 21, 2020 Utica Leaseco, LLC (Utica), an asset-based specialty finance company and Ubiquity Solar Inc. (Ubiquity), a photovoltaic (PV) technology company, are pleased to announce the execution of a definitive agreement, whereby Ubiquity has procured from Utica