Vancouver's Triant Holdings Inc. (TSX:TNT), which produces fault detection and equipment monitoring software, has completed the sale of all its assets to San Jose, California-based PDF Solutions Inc. (Nasdaq:PDFS) for US$1.75 million in cash.
The deal is subject to a holdback of US$374,000, which will be released after completion of an indemnification period.
Triant plans to provide a liquidating distribution to shareholders of approximately $0.21 per share.
Its share price range during the past week: between $0.12 and $0.15; 52-week high: $0.99; 52-week low: $0.12.