Atomera Closes Initial Public Offering Raising $27.6M

Atomera-logoAtomera Incorporated (NASDAQ: ATMR), a Los Gatos, California-based semiconductor materials and intellectual property licensing company focused on deploying its proprietary technology into the semiconductor industry, closed its initial public offering of 3,680,000 shares of common stock at a price of $7.50 per share.

This common stock included 480,000 shares sold as a result of the underwriter’s exercise in full of its overallotment option.

Gross proceeds to Atomera from this offering are $27.6m before deducting underwriting discounts, commissions and other offering expenses.

Led by Scott Bibaud, CEO, and Robert Mears, CTO and Founder, Atomera has developed Mears Silicon Technology┬á(MST ┬«) CMOS technology, an ultra-thin film of reengineered semiconductor that increases performance and power efficiency by improving the conductive “channel” at the heart of a transistor.

FinSMEs

11/08/2016

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