Impinj, Inc. Announces Closing of Follow-On Public Offering and Full Exercise of the Underwriters’ Option to Purchase Addit...
December 07 2016 - 4:05PM
Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of
solutions for identifying, locating and authenticating everyday
items using RAIN RFID, today announced the closing of its follow-on
public offering of 4,043,249 shares of common stock at a price to
the public of $27.00 per share, which included the full exercise of
the underwriters’ option to purchase 527,380 additional shares from
Impinj. The number of shares sold in the offering included
1,527,380 shares sold by Impinj and 2,515,869 shares sold by
certain selling stockholders. The company estimates net proceeds
from the offering to be approximately $38.7 million, after
deducting underwriting discounts and commissions and estimated
offering expenses. Impinj did not receive any proceeds from the
sale of the shares by the selling stockholders.
Morgan Stanley, RBC Capital Markets, Pacific Crest
Securities, a division of KeyBanc Capital Markets, and Piper
Jaffray acted as joint book-running managers for the offering.
Needham & Company acted as lead manager and Canaccord Genuity
acted as co-manager.
The offering was made only by means of a written
prospectus forming part of the effective registration statement.
Copies of the final prospectus relating to the offering, when
available, 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 Securities and Exchange
Commission and was declared effective on December 1, 2016. Copies
of the registration statement, as amended, can be accessed through
the SEC’s website at www.sec.gov. 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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