MIGDAL HAEMEK, Israel,
Nov. 18, 2020 /PRNewswire/ -- Camtek
Ltd. (NASDAQ: CAMT) (TASE: CAMT), a leading manufacturer of
metrology and inspection equipment, announced today the pricing of
an underwritten public offering of 3,500,000 ordinary shares at a
price to the public of $17.00 per
share. The offering was upsized from the previously announced
public offering of 3,000,000 ordinary shares. In addition, Camtek
has granted the underwriters a 30-day option to purchase up to an
additional 525,000 ordinary shares, at the public offering price
less underwriting discounts and commissions. The offering is
expected to close on or about November 23,
2020, subject to customary closing conditions.
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 offering
and each of Needham & Company, B. Riley Securities, and
Northland Capital Markets are acting as co-managers.
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. The offering is being made only by means of a
prospectus supplement and the accompanying prospectus. Before you
invest, you should read the preliminary prospectus supplement
relating to the offering, which was filed with the SEC on
November 18, 2020, and the
accompanying prospectus included in the registration statement,
which are available for free on the SEC's website located at
http://www.sec.gov. A final prospectus supplement and accompanying
prospectus relating to the offering will be filed with the SEC and
will be available for free on the SEC's website located at
http://www.sec.gov. Copies of the final prospectus supplement and
the accompanying prospectus relating to the offering, when
available, 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.
Moshe Eisenberg,
CFO
Tel: +972 4 604
8308
Mobile: +972 54 900
7100
moshee@camtek.com
|
INTERNATIONAL
INVESTOR RELATIONS
GK Investor
Relations
Ehud Helft
Tel: (US) 1 646 688
3559
camtek@gkir.com
|
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SOURCE Camtek Ltd