Business
Ultra Clean Announces Pricing of Public Offering of Common Stock
HAYWARD, Calif., April 8, 2021 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT) today announced the pricing of an underwritten public offering of
About this update from Ultra Clean Holdings, Inc.
[{"type":"text","content":"HAYWARD, Calif., April 8, 2021 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT) today announced the pricing of an underwritten public offering of 3,181,818 shares of its common stock at a price to the public of $55.00 per share, resulting in gross proceeds of approximately $175.0 million. All of the shares of common stock to be sold in the offering will be offered by Ultra Clean. The offering is scheduled to close on April 13, 2021, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 477,272 shares of the Company's common stock at the public offering price, less the underwriting discount.\n\n \n \n \n \n \n \n\n \nThe Company intends to use the net proceeds from this offering for general corporate purposes, including working capital, sales and marketing activities, product development, general and administrative matters, and capital expenditures. The Company may use a portion of the net proceeds to acquire complementary businesses, products, services, or technologies, although it has no agreements, commitments, or plans for any specific acquisitions at this time.\nNeedham & Company is acting as sole book-running manager for the offering. D.A. Davidson & Co., Craig-Hallum Capital Group and Colliers Securities LLC are acting as co-managers.\nThe shares described above are being offered by Ultra Clean pursuant to an automatic shelf registration statement on Form S-3, including a base prospectus, that was previously filed by Ultra Clean with the Securities and Exchange Commission (the \"SEC\") on April 5, 2021 and became effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus related to this offering may be obtained from Needham & Company, LLC, Attention: Syndicate Prospectus Department, 250 Park Avenue, 10th Floor, New York, New York 10177, or by telephone at (800) 903-3268, or by email at [email protected]. \nThis 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 wh...