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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

2.22
0.03 +1.37%
20 Aug 2014