News: Optoelectronics
5 March 2021
nLIGHT prices public offering to raise $75m
nLIGHT Inc of Vancouver, WA, USA (which was founded in Seattle in 2000 and provides high-power semiconductor and fiber lasers for industrial, microfabrication, aerospace and defense applications) has priced its underwritten public offering of 2,205,883 shares of common stock (pursuant to its existing shelf registration statement) at $34 per share.
The aggregate gross proceeds from the offering are expected to be about $75m, before deducting the underwriting discounts and commissions and estimated offering expenses.
In connection with the proposed offering, nLIGHT has granted the underwriters a 30-day option to purchase up to an additional 330,882 shares at the public offering price, minus the underwriting discounts and commissions.
nLIGHT intends to use the net proceeds from the proposed offering for working capital, capital expenditures and other general corporate purposes.
The offering is expected to close on 8 March, subject to market and other customary closing conditions.
Stifel and Raymond James are acting as lead book-running managers for the proposed offering. Needham & Company LLC, D.A. Davidson & Co, and Craig-Hallum Capital Group are acting as co-managers.
