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Provider: Thomson Reuters Stock Report
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Mattson Technology Inc prices public offering of common stock

Tuesday, 11 Feb 2014 02:00am EST 

Mattson Technology Inc:prices its previously announced underwritten public offering of 12,245,000 shares of its common stock at a price to the public of $2.45 per share.Says offering is expected to close on or about Feb. 14.Says it has also granted the underwriters a 30-day option to purchase at the public offering price up to an additional 1,836,750 shares of its common stock to cover over-allotments, if any.Says after deducting the underwriting discount and estimated offering expenses payable by the company.Says it expects to receive net proceeds of about $27.1 mln, assuming no exercise of the over-allotment option.Says Needham & company, LLC and Cowen and company, LLC are acting as joint book-running managers and B. Riley & Co., LLC is acting as co-manager for the offering.Says intends to use the net proceeds from this offering for general corporate purposes, which include working capital, capital expenditures and other corporate expense. 

Company Quote

0.03 +1.37%
20 Aug 2014