National Securities assists; offering funds development engineering
By Devika Patel
Knoxville, Tenn., Aug. 8 – Atomera Inc. increased its initial public sale of stock to $24 million with a $3.6 million greenshoe from $18 million with a $2.7 million greenshoe, according to a 424B4 filed Monday with the Securities and Exchange Commission. The deal priced on June 30.
The company will now sell 3.2 million common shares at $7.50 per share.
National Securities Corp. is the bookrunning manager.
Settlement is expected Aug. 10.
Proceeds will be used for development engineering, business development, sales and marketing, research and working capital.
The Los Gatos, Calif., company develops semiconductor technologies. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “ATMR.”
| Issuer: | Atomera Inc.
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| Issue: | Common stock
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| Amount: | $24 million
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| Greenshoe: | $3.6 million, or 480,000 shares
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| Shares: | 3.2 million
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| Price: | $7.50
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| Warrants: | No
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| Bookrunner: | National Securities Corp.
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| Pricing date: | June 30
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| Upsized: | Aug. 8
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| Settlement date: | Aug. 10
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| Stock symbol: | Nasdaq: ATMR
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