Emcore corporation adopts tax benefits preservation plan to protect tax assets

Alhambra, ca, sept. 28, 2023 (globe newswire) -- (nasdaq: emkr) emcore corporation (“emcore”) announced today that its board of directors has approved the adoption of a tax benefits preservation plan (“the plan”) in the form of a section 382 rights agreement designed to protect and preserve the long-term value of certain tax attributes primarily associated with net operating loss carryforwards.
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