Neophotonics to sell 5 million common shares through public offering

Needham is bookrunner; Craig-Hallum and B. Riley are the co-managers

By Devika Patel

Knoxville, Tenn., May 13 – Neophotonics Corp. will sell 5 million common shares in its public sale with a greenshoe option of 750,000 additional shares, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The company has registered up to $40.48 million of stock for the sale, which was announced on Dec. 19, 2014.

Needham & Co. is the bookrunning manager. Craig-Hallum Capital Group and B. Riley & Co. are the co-managers.

Proceeds will be used for working capital, to expand the company’s business and for general corporate purposes.

The San Jose, Calif., company develops, manufactures and sells optoelectronic products.

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