Press Release
May 17, 2023

eMagin Corporation To Be Acquired By Samsung Display For $218 Million

The Technology team advised eMagin Corporation (NYSE American: EMAN) on its entry into a definitive merger agreement with Samsung Display Co., Ltd. to be acquired for $2.08 per share in cash, in a transaction valued at approximately $218 million. Samsung Display is a wholly-owned subsidiary of Samsung Electronics Co., Ltd. (KRX: 005930).

eMagin’s Board of Directors has unanimously approved the transaction and is recommending that eMagin’s stockholders approve the transaction at a special meeting of stockholders to be called in connection with the transaction. Completion of the transaction is not subject to a financing condition and the transaction is expected to close in the second half of 2023, subject to the approval of eMagin’s stockholders, receipt of other applicable regulatory approvals, and other customary closing conditions.

eMagin is the leader in OLED microdisplay technology, enabling the visualization of digital information and imagery for world-class customers in the military, consumer, medical and industrial markets.

The Goodwin team was led by Jocelyn Arel and Mike Patrone, and included Will Wang, Achal Oza, Liza Craig, Alex Denniston, Paul Jin, Alice Choi, Will Stanton, Jason Yeoun, and Jonathan Elefant.

For additional details on the agreement, please read the press release.