Deal via Needham includes greenshoe for 895,655 more shares
By Marisa Wong
Madison, Wis., May 22 – Neophotonics Corp. priced a $43.29 million public offering of common stock on Thursday, according to a 424B4 filing with the Securities and Exchange Commission.
The company priced 5,971,034 shares at $7.25 each. The price per share reflects a 4.86% discount to the May 20 closing share price.
The public sale includes a greenshoe for up to 895,655 additional shares.
Needham & Co. is the bookrunner.
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.
| Issuer: | Neophotonics Corp.
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| Issue: | Common stock
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| Amount: | $43,289,997
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| Shares: | 5,971,034
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| Greenshoe: | For up to 895,655 shares
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| Price: | $7.25
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| Warrants: | No
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| Bookrunner: | Needham & Co.
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| Co-managers: | Craig-Hallum Capital Group and B. Riley & Co.
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| Announcement date: | May 13
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| Pricing date: | May 21
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| Settlement date: | May 27
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| Stock symbol: | NYSE: NPTN
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| Stock price: | $7.62 at close May 20
|
| Market capitalization: | $287 million
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