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., July 10, 2018 (GLOBE NEWSWIRE) -- Adesto Technologies (NASDAQ:IOTS), a leading provider of innovative application-specific semiconductors for the IoT era, today announced the pricing of an underwritten public offering of 6,700,000 shares of its common stock at a public offering price of $6.00 per share. In addition, Adesto has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,005,000 shares of common stock at the public offering price, less underwriting discounts and commissions. Adesto expects to receive net proceeds from the offering of approximately $37.3 million, after deducting the underwriting discounts and commissions and offering expenses and assuming no exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on July 13, 2018, subject to satisfaction of customary closing conditions. Cowen, Needham & Company, Canaccord Genuity and Roth Capital Partners are acting a
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