Impinj, Inc. Launches Follow-On Offering
November 28 2016 - 5:11PM
Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of
solutions for identifying, locating and authenticating everyday
items using RAIN RFID, today announced the launch of a proposed
follow-on public offering of 3,515,869 shares of its common stock,
which will include 1,000,000 shares to be offered by Impinj and
2,515,869 shares to be offered by certain selling stockholders.
Impinj will not receive any proceeds from the sale of the shares by
the selling stockholders. In addition, Impinj expects to grant the
underwriters a 30-day option to purchase up to an additional
527,380 shares of its common stock.
Morgan Stanley, RBC Capital Markets, Pacific Crest Securities, a
division of KeyBanc Capital Markets, and Piper Jaffray will act as
joint book-running managers for the offering. Needham & Company
will act as lead manager and Canaccord Genuity will act as
co-manager.
The offering will be made only by means of a prospectus.
Copies of the preliminary prospectus related to the offering may be
obtained from Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; RBC
Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey
Street, 8th Floor, New York, NY 10281-8098, or by email to
equityprospectus@rbccm.com, or by telephone at (877) 822-4089;
Pacific Crest Securities, a division of KeyBanc Capital Markets
Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor,
Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and Piper
Jaffray & Co., Attention: Prospectus Department, 800 Nicollet
Mall, Minneapolis, MN 55402, or by email to prospectus@pjc.com, or
by telephone at (800) 747-3924.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
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.
Investor Relations Contact:
Maria Riley & Chelsea Lish
The Blueshirt Group
ir@impinj.com
(206) 315-4470
Media Contact:
Erika Goodmanson
Sr. Director, Marketing and Communications
egoodmanson@impinj.com
(206) 812-9744
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