ACM Research Announces Pricing of Public Offering of Class A Common Stock
August 14 2019 - 9:50PM
ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a provider of
single-wafer wet cleaning equipment used by manufacturers of
advanced semiconductors, announced today the pricing of its
previously announced underwritten public offering of 1,785,715
shares of its Class A common stock at a public offering price of
$14.00 per share for gross proceeds of approximately $25 million.
ACM has granted the underwriters a 30‑day option to purchase up to
an additional 267,857 shares of Class A common stock. All of the
shares are to be sold by ACM. The offering is expected to close on
or about August 19, 2019, subject to the satisfaction of
customary closing conditions.
Stifel and Needham & Company are acting as
joint book-running managers for the offering, and Roth Capital
Partners, Craig-Hallum Capital Group and The Benchmark Company are
acting as co-managers.
A shelf registration statement on Form S-3 (No.
333-228734) relating to the shares of Class A common stock to be
issued in the offering was filed with the U.S. Securities and
Exchange Commission (the “SEC”) and is effective. A preliminary
prospectus supplement and accompanying base prospectus relating to
the offering have been filed with the SEC and are available on the
SEC’s website at www.sec.gov. The final terms of the offering will
be disclosed in a final prospectus supplement to be filed with the
SEC. Copies of the final prospectus supplement and accompanying
base prospectus may also be obtained, when available, from Stifel,
Nicolaus & Company, Incorporated, Attention: Syndicate, One
Montgomery Street, Suite 3700, San Francisco, California 94104, by
telephone at 415-364-2720 or by email at syndprospectus@stifel.com
or from Needham & Company, LLC, Attention: Syndicate Prospectus
Department, 250 Park Avenue, 10th Floor, New York, New York 10177,
by telephone at 800-903-3268, or by email at
prospectus@needhamco.com.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy the securities
described in this release, nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About ACM Research,
Inc.
ACM develops, manufactures and sells
single-wafer wet cleaning equipment, which semiconductor
manufacturers can use in numerous manufacturing steps to remove
particles, contaminants and other random defects, and thereby
improve product yield, in fabricating advanced integrated
circuits.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 regarding the anticipated timing of completion
of the public offering and the intended use of proceeds from the
offering. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including market conditions, risks associated with the cash
requirements of ACM’s business and other risks detailed from time
to time in ACM’s filings with the SEC. The forward-looking
statements represent ACM’s views only as of the date they are made
and should not be relied upon as representing ACM’s views as of any
subsequent date. ACM does not assume any obligation to update any
forward-looking statements.
The ACM logo is a trademark of ACM Research,
Inc. All rights reserved.
Contact: |
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The Blueshirt Group |
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Ralph Fong |
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+1 (415) 489-2195 |
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ralph@blueshirtgroup.com |
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