Bookrunner Needham assists; Craig-Hallum Capital Group is co-manager
By Devika Patel
Knoxville, Tenn., July 28 - Ramtron International Corp. said it priced a $9.5 million public sale of stock with a $1.43 million greenshoe.
The company will sell 4.75 million common shares at $2.00 apiece. The price per share is a 15.61% discount to the July 27 closing share price of $2.37.
Needham & Co., LLC is the sole bookrunning manager, and Craig-Hallum Capital Group LLC is the co-manager.
Settlement is expected Aug. 2.
Proceeds will be used for general corporate purposes, including working capital.
Based in Colorado Springs, Colo., Ramtron makes semiconductors.
| Issuer: | Ramtron International Corp.
|
| Issue: | Common shares
|
| Amount: | $9.5 million
|
| Greenshoe: | $1,425,000
|
| Shares: | 4.75 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Bookrunner: | Needham & Co., LLC
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Stock symbol: | Nasdaq: RMTR
|
| Stock price: | $2.37 at close July 27
|
| Market capitalization: | $61.1 million
|
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