Needham, Cowen are joint bookrunners, B. Riley will be co-manager
By Devika Patel
Knoxville, Tenn., Feb. 11 - Mattson Technology, Inc. said it priced a $30 million public sale of stock with a $4.5 million greenshoe. The offering was announced Monday.
The company will sell 12,245,000 common shares at $2.45 per share. The price per share is a 6.13% discount to the Feb. 10 closing share price of $2.61.
Needham & Co., LLC and Cowen and Co., LLC are the joint bookrunning managers.
Settlement is expected Feb. 14.
Proceeds will be used for general corporate purposes, which may include working capital, capital expenditures and other corporate expenses.
Mattson Technology designs, manufactures, markets and supports semiconductor wafer processing equipment used in the fabrication of integrated circuits. The company is based in Fremont, Calif.
| Issuer: | Mattson Technology, Inc.
|
| Issue: | Common stock
|
| Amount: | $30 million
|
| Greenshoe: | $4.5 million
|
| Shares: | 12,245,000
|
| Price: | $2.45
|
| Warrants: | No
|
| Bookrunners: | Needham & Co., LLC and Cowen and Co., LLC
|
| Co-manager: | B. Riley & Co. LLC
|
| Announcement date: | Feb. 10
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 14
|
| Stock symbol: | Nasdaq: MTSN
|
| Stock price: | $2.61 at close Feb. 10
|
| Market capitalization: | $155.85 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.
