Credit Suisse, Stifel Nicolaus Weisel, Piper Jaffray, Needham assist
By Devika Patel
Knoxville, Tenn., March 13 - OCZ Technology Group, Inc. said it settled a public offering of its common stock for about $109 million, which includes a partial exercise of the greenshoe option for about $8.5 million. The deal was announced on Feb. 1.
The company sold 13,013,991 common shares. Of the shares, 1,013,991 were part of the partially exercised greenshoe.
Credit Suisse (USA) LLC and Stifel Nicolaus Weisel were the joint bookrunning managers. Piper Jaffray & Co. and Needham & Co., LLC were the co-managers.
Proceeds will be used for general corporate purposes, including debt repayment.
OCZ is a Sunnyvale, Calif.-based producer of computer memory and components.
| Issuer: | OCZ Technology Group, Inc.
|
| Issue: | Common shares
|
| Amount: | $109 million (approximate, including about $8.5 million greenshoe)
|
| Shares: | 13,013,991
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse (USA) LLC and Stifel Nicolaus Weisel
|
| Announcement date: | Feb. 1
|
| Settlement date: | March 13
|
| Stock symbol: | Nasdaq: OCZ
|
| Stock price: | $8.60 at close March 12
|
| Market capitalization: | $452.76 million
|
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