Deal prices at 14.71% discount to company's closing price on May 13
By Devika Patel
Knoxville, Tenn., June 7 - MoSys, Inc. reported that the underwriters for its public offering of stock opted to exercise the deal's $3.9 million greenshoe in full on June 5, for total proceeds of $29.9 million in an 8-K filed Friday with the Securities and Exchange Commission. The deal was announced May 13 and priced for $26 million with the greenshoe on May 14.
The company sold 7,475,000 shares at $4.00 per share, which reflects a 14.71% discount to the company's closing share price on May 13. Of the shares, 975,000 were part of the fully exercised greenshoe.
Roth Capital Partners was the bookrunner.
Proceeds will be used for working capital and general corporate purposes.
The Sunnyvale, Calif.-based company designs, develops, markets and licenses embedded memory intellectual property used by the semiconductor industry and electronic product manufacturers.
| Issuer: | MoSys, Inc.
|
| Issue: | Common stock
|
| Amount: | $29.9 million (including $3.9 million greenshoe exercise)
|
| Shares: | 7,475,000
|
| Price: | $4.00
|
| Warrants: | No
|
| Bookrunner: | Roth Capital Partners
|
| Co-managers: | Benchmark Co., Feltl and Co.
|
| Announcement date: | May 13
|
| Pricing date: | May 14
|
| Settlement date: | June 5
|
| Stock symbol: | Nasdaq: MOSY
|
| Stock price: | $4.69 at close May 13
|
| Market capitalization: | $180.32 million
|
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