Secondary Stock Offerings
By The Online Investor Staff, updated Sat., Aug. 17, 11:16 AM
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Slide #2. ACM Research, Inc. — Secondary Offering
Company:
ACM Research, Inc. (NASDAQ:ACMR)
Date announced:
8/13/2019
Secondary Offering Details:
ACM Research, Inc. ("ACM") (NASDAQ: ACMR), a provider of single-wafer wet cleaning equipment used by manufacturers of advanced semiconductors, announced today that it intends to offer and sell $30 million of shares of its Class A common stock in an underwritten public offering. ACM expects to grant the underwriters a 30day option to purchase up to $4.5 million of additional shares of Class A common stock. All of the shares are to be sold by ACM. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
ACM Research develops, manufactures and selsl single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield, in fabricating advanced integrated circuits, or chips. Co.'s Ultra C equipment is designed to remove random defects from a wafer surface effectively, without damaging a wafer or its features, even at an increasingly advanced process node of 22 nanometers, or nm, or less. Co.'s equipment is based on Co.'s innovative, proprietary Space Alternated Phase Shift, or SAPS, and Timely Energized Bubble Oscillation, or TEBO, technologies.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
