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Stock impact report

Amtech Announces Sale of Solar Business and Changes to Executive Team

Amtech Systems, Inc. (ASYS) 
Last amtech systems, inc. earnings: 2/6 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: amtechsystems.com/investors.shtml
Company Research Source: PR Newswire
TEMPE, Ariz., Jan. 28, 2020 /PRNewswire/ -- Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs), today announced the sale of its shares of Tempress Group Holding B.V. ("Tempress") for nominal consideration to Stichting Continuiteit Tempress, an independent foundation that was formed under Dutch law, effective January 22, 2020. In connection with this sale transaction, Amtech agreed to provide a term loan to Tempress in the principal sum of $2,250,000, to be used to fund Tempress' working capital requirements and to facilitate the restructuring of Tempress' operations. The loan contains repayment provisions specifying amounts due and payable upon certain future events, including the sale of the equity or a material portion of the assets of T Show less Read more
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