Bookrunner Roth Capital assists; proceeds fund corporate purposes
By Toni Weeks
San Luis Obispo, Calif., March 4 – Underwriters for MoSys, Inc.’s public sale of stock exercised the $3 million greenshoe in full, lifting total proceeds to $23 million. The deal priced on Feb. 27 for $20 million plus the greenshoe.
The company sold 14,375,000 common shares at $1.60 per share. The price per share is a 20.79% discount to the Feb. 26 closing share price of $2.02. Of the shares, 1,875,000 represented the fully exercised greenshoe.
Roth Capital Partners is the bookrunning manager.
The company’s chief executive officer and chief operating officer purchased 406,250 shares, or $650,000.
Proceeds will be used for general corporate purposes, including working capital.
Sunnyvale, Calif.-based MoSys designs, develops, markets and licenses embedded memory intellectual property used by the semiconductor industry and electronic product manufacturers.
| Issuer: | MoSys, Inc.
|
| Issue: | Common stock
|
| Amount: | $23 million (includes $3 million greenshoe)
|
| Shares: | 14,375,000
|
| Price: | $1.60
|
| Warrants: | No
|
| Bookrunner: | Roth Capital Partners
|
| Co-manager: | Benchmark Co.
|
| Announcement date: | Feb. 26
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Stock symbol: | Nasdaq: MOSY
|
| Stock price: | $2.02 at close Feb. 26
|
| Market capitalization: | $84.08 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.
