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Vitesse Semiconductor Corp prices underwritten public offering of common stock

Thursday, 12 Jun 2014 08:00am EDT 

Vitesse Semiconductor Corp:Pricing of underwritten public offering of 7,462,675 shares of its common stock at a price to the public of $3.35 per share.Company expects to receive net proceeds of about $23.2 mln, assuming no exercise of the over-allotment option.Offering is expected to close on or about June 17.Needham & Company, LLC is acting as the sole book-running manager of the offering.Craig-Hallum Capital Group LLC, The Benchmark Company, LLC and Northland Securities, Inc. are acting as co-managers.Intends to us net proceeds from the offering for working capital and general corporate purposes. 

Company Quote

27 Mar 2015