Value: $75,000,000

Micronetics, Inc., a leading microwave and radio frequency (RF) components and integrated multifunction subassemblies used in a variety of commercial wireless, defense and aerospace products, including satellite communications, electronic warfare and electronic counter-measures. The Company’s products are embedded in a variety of radars, electronic warfare systems, guidance systems, wireless telecommunications and satellite equipment.

Over the past several years, Cypress assisted senior management and the Board of Directors with respect to the Company’s strategic positioning and financial alternatives including the evaluation of a number of potential acquisitions and assisted in exploring, both on an informal and formal basis, strategic and financing transactions with several parties

Engaged to explore strategic alternatives for the Company, Cypress facilitated and managed a competitive sale process that led to a negotiated transaction with Mercury Computer Systems. Mercury agreed to pay $14.80 per share in cash for each of the outstanding shares of Micronetics, representing a premium of 97% over Micronetics’ closing price one day prior to the announcement of $7.49 and a 154% premium over Micronetics’ unaffected closing price.

Cypress advised Micronetics in all phases of the transaction including the auction sale process, due diligence, management presentations, negotiations with Mercury Computer Systems, and rendering a fairness opinion.