MIGDAL HAEMEK, Israel,
May 14, 2015 /PRNewswire/ --
In the news release, "Camtek Prices Underwritten Public Offering
of Ordinary Shares" issued on 14 May
2015 13:25 GMT, by Camtek Ltd
over PR Newswire, we are advised by a representative of the company
that at the end of the first paragraph an incorrect figure was
issued. The date "May 14" should have
read "May 19". Complete, corrected
release follows:
Camtek Ltd. (NASDAQ: CAMT and TASE:
CAMT), today announced the pricing of an underwritten public
offering of 4.3 million of its ordinary shares at a price of
$2.85 per share. The company has also
granted to the underwriters a 30-day option to acquire an
additional 450 thousand shares to cover overallotments in
connection with the offering. After the underwriting discount and
estimated offering expenses payable by the company, the company
expects to receive net proceeds of approximately $11 million, assuming no exercise of the
overallotment option. Camtek intends to use the net proceeds from
the offering for general corporate purposes. The offering is
expected to close on May 19, 2015,
subject to customary closing conditions.
Needham & Company is acting as sole book-running manager of
the offering. B. Riley & Co. and Chardan Capital Markets are
acting as co-managers of the offering.
The shares described above are being offered by Camtek pursuant
to a registration statement on Form F-3, including a base
prospectus, previously filed (on April 1,
2014) with and subsequently declared effective (on
April 14, 2014) by the Securities and
Exchange Commission. The securities may be offered only by means of
a prospectus. A preliminary prospectus supplement relating to the
offering was filed with the SEC on May 13,
2015 and a final prospectus supplement relating to the
offering will be filed with the SEC and will be available on the
SEC's website at http://www.sec.gov. Copies of the final prospectus
supplement and accompanying base prospectus relating to this
offering may also be obtained, when available, from Needham &
Company, LLC, 445 Park Avenue, New York,
NY 10022, via telephone at (800) 903-3268 or by email to
prospectus@needhamco.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Camtek Ltd.
Camtek Ltd. provides automated and technologically advanced
solutions dedicated to enhancing production processes, increasing
products yield and reliability, enabling and supporting customer's
latest technologies in the Semiconductors, Printed Circuit Boards
(PCB) and IC Substrates industries.
Camtek addresses the specific needs of these interconnected
industries with dedicated solutions based on a wide and advanced
platform of technologies including intelligent imaging, image
processing and functional 3D inkjet printing.
Safe Harbor
This press release may contain projections or other
forward-looking statements regarding future events or the future
performance of the Company. These statements are only predictions
and may change as time passes. We do not assume any obligation to
update that information. Actual events or results may differ
materially from those projected, including as a result of changing
industry and market trends, reduced demand for our products, the
timely development of our new products and their
adoption by the market, increased competition in the industry,
intellectual property litigation, price reductions as well as due
to risks identified in the documents filed by the Company with the
SEC.
CAMTEK LTD.
Moshe Eisenberg, CFO
Tel: +972-4-604-8308
Mobile: +972-54-900-7100
moshee@camtek.co.il
INTERNATIONAL INVESTOR RELATIONS
GK Investor Relations
Ehud Helft
Tel: (US) +1-646-201-9246
camtek@gkir.com
SOURCE Camtek Ltd