Why did SELX's operating expenses surge in Q3 2023?

The surge in operating expenses for SELX in Q3 2023 can be attributed to the merger with Semilux International, which was announced on July 21, 2023. This merger is expected to close in the fourth quarter of 2023, and the combined company would list on the Nasdaq exchange. The significant increase in operating expenses is likely a result of the preparatory activities and integration costs associated with the merger.