MIGDAL HAEMEK, Israel,
Nov. 18, 2020 /PRNewswire/ -- Camtek
Ltd. (NASDAQ: CAMT) (TASE: CAMT), a leading manufacturer of
metrology and inspection equipment, announced today the
commencement of a proposed underwritten public offering of three
million ordinary shares. Camtek intends to grant the underwriters a
30-day option to purchase up to an additional 15% of its ordinary
shares offered in the public offering. All of the shares in
the proposed offering are to be sold by Camtek.
Camtek intends to use the net proceeds from the offering for
general corporate purposes, including, but not limited to,
potential acquisitions, working capital, capital expenditures,
investments, research and development and product development.
Camtek has not determined the amount of net proceeds to be used
specifically for the foregoing purposes and has no agreements or
understandings with respect to any acquisition or investment at
this time.
Barclays and Stifel are acting as the representatives of the
underwriters and as joint book-running managers for the proposed
offering.
The proposed offering is subject to market conditions, and there
can be no assurance as to whether or when the proposed offering may
be completed, or as to the actual size or terms of the proposed
offering.
The securities described above are being offered by Camtek
pursuant to an effective shelf registration statement on Form F-3,
including a base prospectus, that was previously filed by Camtek
with the Securities and Exchange Commission (the "SEC") and
that was declared effective on April 21, 2020. This
offering will be made only by means of a prospectus supplement and
the accompanying prospectus which forms a part of the effective
shelf registration statement.
Before you invest, you should read the prospectus included in
the registration statement, the preliminary prospectus supplement
and the other documents Camtek has filed or will file with the SEC
for more complete information about Camtek and the proposed
offering. You may obtain these documents for free by visiting EDGAR
on the SEC's website located at http://www.sec.gov. Alternatively,
copies of the preliminary prospectus supplement, when available,
and the accompanying base prospectus relating to the proposed
offering may be obtained from Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888)
603-5847 or by email at Barclaysprospectus@broadridge.com, or
Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus
Department, One Montgomery Street,
Suite 3700, San Francisco, CA
94104, by telephone at (415) 364-2720, or by email at
syndprospectus@stifel.com.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities described
herein, 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 Camtek
Camtek is a leading manufacturer of metrology and inspection
equipment serving the Advanced Interconnect Packaging, Memory, CMOS
Image Sensors, MEMS, RF and other segments of the semiconductor
industry. Camtek provides dedicated inspection solutions and
crucial yield-enhancement data, enabling manufacturers to improve
yield and drive down their production costs. With eight offices
around the world, Camtek has best-in-class sales and customer
support organization, providing tailor-made solutions in line with
customers' requirements.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, or the Securities Act, and
Section 21E of the Securities Exchange Act of 1934, as amended, or
the Exchange Act, and the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on the current beliefs, expectations and
assumptions of Camtek Ltd. ("we," "us" and "our"). Forward-looking
statements can be identified by the use of words including
"believe," "anticipate," "should," "intend," "plan," "will," "may,"
"expect," "estimate," "project," "positioned," "strategy," and
similar expressions that are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. These forward-looking statements involve
known and unknown risks and uncertainties that may cause the actual
results, performance or achievements of Camtek to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Our actual
results and performance could differ materially from those
projected in the forward-looking statements as a result of many
factors, including as a result of the effect of the COVID-19 crisis
on the global markets and on the markets in which we operate,
including the risk of the continuation of disruptions to our and
our customers', providers', business partners and contractors'
businesses as a result of the COVID-19 pandemic; our dependency
upon the semiconductor industry and the risk that unfavorable
economic conditions or low capital expenditures may negatively
impact our operating results; the highly competitive nature of the
markets we serve, some of which have dominant market participants
with greater resources than us; the rapid evolvement of technology
in the markets in which we operate, and our ability to adequately
predict these changes or keep pace with emerging industry
standards; the risks relating to the concentration of a significant
portion of our business in certain countries in the Asia Pacific
Region, particularly China,
Taiwan and Korea; 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; price reductions;
and those other factors discussed in our Annual Report on Form 20-F
and other documents filed by the Company with the SEC as well
as other documents that may be subsequently filed by Camtek from
time to time with the SEC.
While we believe that we have a reasonable basis for each
forward-looking statement contained in this press release, we
caution you that these statements are based on a combination of
facts and factors currently known by us and our projections of the
future, about which we cannot be certain. In addition, any
forward-looking statements represent Camtek's views only as of the
date of this press release and should not be relied upon as
representing its views as of any subsequent date. Camtek does not
assume any obligation to update any forward-looking statements
unless required by law.
CAMTEK
LTD.
|
INTERNATIONAL
INVESTOR RELATIONS
|
Moshe Eisenberg,
CFO
|
GK Investor
Relations
|
Tel: +972 4 604
8308
|
Ehud Helft
|
Mobile: +972 54 900
7100
|
Tel: (US) 1 646 688
3559
|
moshee@camtek.com
|
camtek@gkir.com
|
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SOURCE Camtek Ltd