Adesto Technologies Corporation Prices Public Offering of Common Stock
ADESTO TECHNOLOGIES CORP COMMON (IOTS)
Last adesto technologies corp common earnings: 3/16 05:11 pm
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US:NASDAQ Investor Relations:
ir.adestotech.com/investor-overview
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Source: GlobeNewswire
SANTA CLARA, Calif., June 15, 2017 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ:IOTS), a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced the pricing of an underwritten public offering of 4,375,000 shares of its common stock at a public offering price of $4.00 per share. In addition, Adesto has granted the underwriters of the offering a 30-day option to purchase up to an additional 625,000 shares of common stock at the public offering price, less the underwriting discount. Adesto expects to receive gross proceeds from the offering of approximately $17.5 million, before deducting the underwriting discount and offering expenses and assuming no exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on June 20, 2017, subject to satisfaction of customary closing conditions. Needham & Company is acting as sole book running manager for the offering. The Be
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