Vitesse Semiconductor plans to price public offering of common shares

Needham is bookrunner; proceeds for general corporate purposes

New York, Dec. 6 - Vitesse Semiconductor Corp. plans to price an off-the-shelf sale of common stock through bookrunner Needham & Co., according at a 424B5 filing with the Securities and Exchange Commission.

Craig-Hallum Capital Group will be co-manager.

Proceeds will be used for working capital and other general corporate purposes.

Vitesse is a Camarillo, Calif.-based supplier of high-performance integrated circuits principally targeted at systems manufacturers in the communications industry.

© 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.