By Devika Patel
Knoxville, Tenn., Sept. 3 - Tower Semiconductor Ltd. said it will sell NIS 60.04 million in shares in a registered direct offering.
The 15.8 million shares will be sold at NIS 3.80 apiece, equivalent to a purchase price of about $1.00, along with warrants for 3.95 million ordinary shares.
Tower Semiconductor is a Migdal Haemek, Israel-based independent specialty foundry that delivers customized services in a variety of advanced CMOS technologies.
| Issuer: | Tower Semiconductor Ltd.
|
| Issue: | Shares
|
| Amount: | NIS 60.04 million
|
| Shares: | 15.8 million
|
| Price: | NIS 3.80
|
| Warrants: | For 3.95 million ordinary shares
|
| Pricing date: | Sept. 3
|
| Stock symbol: | Nasdaq: TSEM
|
| Stock price: | $0.9609 at close Sept. 2
|
| Market capitalization: | $150 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
