Ceva, Inc. has initiated an underwritten public offering of 3,000,000 shares of its common stock with a 30-day option for additional shares.
The purpose of the offering is to enhance financial flexibility, raise capital, and expand the public float.
Net proceeds from the offering will support potential acquisitions, investments, working capital, and general corporate needs.
Offering Details
3,000,000 shares of common stock offered with an additional 450,000 shares for underwriters. Shares expected to trade on Nasdaq Global Select Market.
Purpose of Offering
Increase financial flexibility and capital, enhance public float, fund potential acquisitions and investments.
Lead Underwriters
J.P. Morgan as lead book-running manager, UBS Investment Bank as junior active book-running manager, and others as book-running managers and co-managers.
- The offering aims to strengthen Ceva's position in the market by providing the necessary resources for growth and strategic investments.
- Successfully completing the offering can boost investor confidence in Ceva's future prospects and expansion plans.
Ceva's decision to commence the underwritten public offering demonstrates a strategic move to secure additional capital for future growth and innovation in the smart edge technology sector.