Giga-tronics to Acquire Gresham Worldwide in Share Exchange

December 28, 2021

Giga-tronics Incorporated will acquire Gresham Worldwide, a global defense electronics provider, through a share exchange agreement with BitNile Holdings. The combined company is expected to create a standalone public entity with approximately 60+ global defense customers and combined revenues of about $40 million.

Buyers
Giga-tronics Incorporated, BitNile Holdings, Inc., Ault Alliance
Targets
Gresham Worldwide, Inc.
Sellers
BitNile Holdings, Inc.
Industry
IT Services
Location
California, United States
Transaction Type
Buyout

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