ACM Research Announces Closing of Initial Public Offering and Concurrent Private Placement
08 November 2017 - 1:19PM
ACM Research, Inc. (NASDAQ:ACMR) announced today the closing of its
initial public offering of 2,000,000 shares of its Class A common
stock at a price to the public of $5.60 per share, before
underwriting discounts and commissions. The shares began trading on
The Nasdaq Global Market Stock Exchange on November 3, 2017 under
the symbol “ACMR.” In addition, ACM Research has granted the
underwriters a 30-day option to purchase up to 300,000 additional
shares of Class A common stock at the initial public offering
price, less underwriting discounts and commissions.
ACM Research also announced the closing of a concurrent private
placement of 833,334 shares of Class A common stock to Xinxin
(Hongkong) Capital Co., Limited, a subsidiary of Sino IC Capital
Co., Ltd., and 500,000 shares of Class A common stock to Victorious
Way Limited at a price per share equal to $5.60 per share.
The gross proceeds to ACM Research from the initial public
offering and the concurrent private placement totaled approximately
$18.7 million, before deducting underwriting discounts and
commissions, placement fees and offering expenses.
Roth Capital Partners acted as sole book-running manager for the
initial public offering. Craig-Hallum Capital Group and The
Benchmark Company acted as co-managers for the initial public
offering.
A registration statement relating to and describing the terms of
the initial public offering was declared effective by the U.S.
Securities and Exchange Commission on November 2, 2017. The initial
public offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from
Roth Capital Partners, Attn: Prospectus Department, 888 San
Clemente Drive, Suite 400, Newport Beach, California 92660,
telephone: 1-800-678-9147 or by accessing the SEC’s website,
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About ACM Research, Inc.
ACM Research Inc. develops, manufactures and sells single-wafer
wet cleaning equipment, which semiconductor manufacturers can use
in numerous manufacturing steps to remove particles, contaminants
and other random defects, and thereby improve product yield, in
fabricating advanced integrated circuits.
For investor and media inquiries, please
contact:
In the United States:
The Blueshirt GroupMr. Ralph Fong+1 (415)
489-2195ralph@blueshirtgroup.com
In China:
The Blueshirt Group AsiaMr. Gary Dvorchak, CFA+86 (138)
1079-1480gary@blueshirtgroup.com
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