Phunware Inc (NASDAQ:PHUN) (NASDAQ:PHUN) CEO Alan Knitowski joined Proactive to discuss the tech group's intent to acquire acquire Lyte Technology for up to $10.32 million, with $3.32 million cash at closing and the remaining $7 million tied to both time and financial performance requirements for one year post-closing.
Knitowski explains why the group took interest in Lyte Technology, a profitable, rapidly growing computer company that specializes in marketing and distributing custom, high-end computer systems off-the-shelf with advanced graphic processing units for gaming, streaming, and cryptocurrency mining.