Needham was bookrunner; Craig-Hallum Capital Group was co-manager
By Devika Patel
Knoxville, Tenn., Aug. 4 - Ramtron International Corp. said it settled a $10.93 million public sale of stock on Aug. 2. The deal priced for $9.5 million with a $1.43 million over-allotment option, which was fully exercised, on July 28.
The company sold 5,462,500 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. Of the shares, 712,500 were part of the fully exercised greenshoe.
Needham & Co., LLC was the bookrunner and Craig-Hallum Capital Group LLC was the co-manager.
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: | $10,925,000 (including $1,425,000 greenshoe exercise)
|
| Shares: | 5,462,500
|
| Price: | $2.00
|
| Warrants: | No
|
| Bookrunner: | Needham & Co., LLC
|
| Co-agent: | Craig-Hallum Capital Group LLC
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Stock symbol: | Nasdaq: RMTR
|
| Stock price: | $2.37 at close July 27
|
| Market capitalization: | $59 million
|
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