Press release
Credo announces launch of public offering
SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the commencement of an
About this update from Credo Technology Group Holding Ltd
[{"type":"text","content":"SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the commencement of an underwritten public offering of 10,000,000 of its ordinary shares. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 of the shares are being offered by selling shareholders. Credo’s ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol “CRDO”. Credo intends to grant the underwriters for the offering a 30-day option to purchase up to an additional 1,500,000 ordinary shares from Credo at the price to the public, less underwriting discounts and commissions. Goldman Sachs & Co. LLC is acting as book-running manager for the offering. The shares are being offered pursuant to an automatically effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on December 5, 2023. The offering is being made only by means of a prospectus supplement and the accompanying prospectus that forms a part of the registration statement. Before you invest, you should read the prospectus in that registration statement and the documents incorporated by reference in that registration statement, as well as the prospectus supplement related to this offering and the documents incorporated by reference therein. Copies of the preliminary prospectus supplement and accompanying prospectus, when available, may be obtained on the SEC's website, www.sec.gov, or from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]. 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 offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction. About Credo Credo’s mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and correspondin...