FSI International, Inc. Announces Pricing of Public Offering of its Common Stock
June 09 2010 - 7:37AM
Business Wire
FSI International, Inc. (Nasdaq:FSII), a manufacturer of capital
equipment for the microelectronics industry, today announced that
its underwritten public offering of 5,400,000 shares of its common
stock was priced at $3.05 per share. In addition, the underwriters
have been granted an option to purchase up to an additional 810,000
shares of the Company’s common stock within 30 days, solely to
cover over-allotments. The Company intends to use the net proceeds
from this offering for general corporate and working capital
purposes. The transaction is expected to close on or about June 14,
2010, subject to customary closing conditions. Craig-Hallum Capital
Group LLC is serving as the sole book-running manager for the
offering and Dougherty & Company LLC is serving as the
co-manager.
The shares will be issued pursuant to a shelf registration
statement that was previously filed with the Securities and
Exchange Commission (the “SEC”) and was declared effective on April
12, 2010. A copy of the preliminary prospectus supplement and
accompanying base prospectus have been filed, and the prospectus
supplement with accompanying prospectus will be filed, in
accordance with the rules and regulations of the SEC and will be
available on the SEC’s website, www.sec.gov. Alternatively, copies
of the preliminary prospectus supplement and accompanying base
prospectus, and, when available, the prospectus supplement with
accompanying base prospectus, for the offering may be obtained from
Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350,
Minneapolis, Minnesota 55402 at 612.334.6300.
This press release is for informational purposes only and is not
an offer to sell or the solicitation of an offer to buy any
security of the Company, nor will there be any sale of such
security in any state or jurisdiction in which such offer, sale or
solicitation would be unlawful. The offering may be made only by
means of a prospectus supplement and the accompanying base
prospectus or by a free writing prospectus in accordance with the
rules and regulations of the SEC.
About FSI
FSI International, Inc. is a global supplier of surface
conditioning equipment, technology and support services for
microelectronics manufacturing. For more information, visit FSI’s
website at http://www.fsi-intl.com, or call Benno Sand,
952.448.8936.
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