Sweden's Gotmic takes $10.3M route to public listing via reverse merger
What's the deal? Swedish semiconductor firm GotmicDealroom has a profile for this one. Try Dealroom → has gone public through a reverse merger with listed shell Hemply BalanceDealroom has a profile for this one. Try Dealroom → Holding, a transaction valued at US$12.1M (≈$10.3 million). The deal completed on November 5, 2026, and the enlarged company has been renamed Gotmic Semiconductor, trading on NGM Growth MarketDealroom has a profile for this one. Try Dealroom → under the ticker GOTMIC.
How it works: Hemply Balance issued roughly 2.27 billion new shares to buy all of Gotmic, leaving Gotmic's former owners with about 93% of the combined company. Hemply's former owners hold 6.44%, with Acuma InvestDealroom has a profile for this one. Try Dealroom → taking the remaining 0.55%. Hemply's loss-making business is being wound down.
What does Gotmic do? It designs and sells high-frequency integrated circuits for advanced communication and sensor systems across telecom, space, and defense. Its technology targets millimetre-wave and sub-THz frequencies — markets with high technical demands and long qualification cycles. Gotmic reported net sales of US$3.29M in 2025.
Why now? The reverse takeover gives Gotmic a public-market listing and access to listed-market financing without a conventional IPO. Chief executive officer Magnus Elovsson leads the company alongside chief financial officer Thomas Henriksson.
What could go wrong? Recent commercial signals include a satellite-communications order and a US$350.5K W-band prototype order from an unnamed telecom customer. But the prototype order is for validation only, with any follow-on volumes still contingent — the listing reflects a strategic pivot, not proof of scaled production or profitability.
The signal: The deal shows how smaller European deep-tech firms are using reverse mergers to reach public markets, trading the cost and scrutiny of a traditional IPO for faster access to capital as they chase defense, radar, and telecom demand.
Read more: hk.marketscreener.com
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