On October 13, 2023, PCTEL, Inc. announced that it has reached a definitive agreement to be acquired by Amphenol Corporation in all cash transaction values the Company at approximately $139.7 million, stockholders will receive $7.00 in cash for each share of common stock they own, over a 50% premium to closing price on October 13, 2023, the last full trading day prior to the deal?s announcement. The Company added that the transaction is expected to close in the fourth quarter of 2023 or early 2024, subject to customary closing conditions, including approval by the Company stockholders and stated that upon completion of the transaction, PCTEL will no longer be listed on any public market.