eMagin Corporation announced that in connection with the completion of the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of May 17, 2023 (Merger Agreement), by and among eMagin Corporation, Samsung Display Co. Ltd. (?Parent? or ?Samsung Display?), Emerald Intermediate Inc. and wholly owned subsidiary of Parent (?Silk USA?), and Emerald Merger Sub Inc. and wholly owned subsidiary of Silk USA (Merger Sub).

On October 18, 2023 (Closing Date), pursuant to the Merger Agreement, Merger Sub merged with and into the Company, with the Company surviving the Merger as a wholly owned subsidiary of Silk USA. Pursuant to the Merger Agreement, at the Effective Time, (i) Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company and (ii) Seo Young Son and Yi Joon Ahn, directors of Merger Sub, became directors of the Company.