Vicor Corporation Announces Launch of Proposed Follow-on Offering of Common Stock

About this update from Vicor Corporation

[{"type":"text","content":"ANDOVER, Mass., June 09, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR), a leading provider of high performance power components and systems, today announced that it has commenced a proposed underwritten registered public offering of its common stock. In addition, Vicor intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the proposed public offering. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.\n Needham & Company is acting as the sole book-running manager for the proposed offering. Vicor intends to use the net proceeds from the proposed offering for the expansion of its manufacturing facilities and other general corporate purposes. The proposed offering is being made pursuant to an automatic shelf registration statement on Form S-3, including a base prospectus, filed on June 9, 2020 by Vicor with the Securities and Exchange Commission (SEC), which registration statement was effective upon filing. The proposed offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from: Needham & Company, 250 Park Avenue, 10th Floor, New York, New York 10177 or by telephone at 800-903-3268. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 under the securities laws of any such state or jurisdiction. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “assumes,” “may,” “will,” “would,” “should,” “continue,” “prospective,” “project,” and other similar expressions identify forward-looking statements....

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