Company aims for total sale of $14.08 million with greenshoe add
By Susanna Moon
Chicago, May 11 - Mattson Technology, Inc. said it priced its $12.24 million public offering of stock via Needham & Co., LLC as bookrunner and added a 30-year over-allotment option for another 1.02 million shares.
The company will sell 6.8 million shares at $1.80 per share, which reflects an 18.18% discount to the closing price on May 9.
Proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses.
The deal is expected to settle on May 16. It was announced on May 10.
Rodman & Renshaw, LLC and Roth Capital Partners, LLC are the co-managers for the offering.
Mattson Technology designs, manufactures, markets and supports semiconductor wafer processing equipment used in the fabrication of integrated circuits. The company is based in Fremont, Calif.
| Issuer: | Mattson Technology, Inc.
|
| Issue: | Common shares
|
| Amount: | $12.24 million
|
| Greenshoe: | $1,836,000
|
| Shares: | 6.8 million
|
| Price: | $1.80
|
| Warrants: | No
|
| Underwriters: | Needham & Co., LLC (bookrunner); Rodman & Renshaw, LLC and Roth Capital Partners, LLC (co-managers)
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Stock symbol: | Nasdaq: MTSN
|
| Stock price: | $2.20 at close on May 9
|
| Market capitalization: | $93.03 million
|
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