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Note 17 - Subsequent Events
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

17. SUBSEQUENT EVENTS

 

Acquisition 

 

In January 2024, the Company completed the acquisition of Axign in a cash transaction in exchange for all outstanding Axign shares. Axign is a Dutch company that designs and develops class-D audio ICs, targeting applications ranging from portable consumer speakers to automotive and professional-grade multi-speaker systems. The preliminary total purchase consideration was approximately $33.8 million. The initial accounting for the acquisition, including the valuation of assets acquired and liabilities assumed, is still ongoing as of the date this Annual Report on Form 10-K is issued.

 

Cash Dividend Increase

 

In February 2024, the Board of Directors approved an increase in quarterly cash dividends from $1.00 per share to $1.25 per share.