SiTime, a leader in MEMS timing, announced it has publicly filed an automatic shelf registration statement on Form S-3 and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission related to a proposed follow-on public offering of 3,000,000 shares of its common stock, consisting of 1,500,000 shares of common stock to be sold by MegaChips and 1,500,000 shares to be issued and sold by SiTime. In addition, SiTime intends to grant the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock from SiTime. SiTime will not receive any proceeds from the sale of shares of common stock by MegaChips. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
Barclays, Credit Suisse and Stifel are joint lead book-running managers for the offering.
A shelf registration statement relating to the shares to be sold in this offering was filed with the U.S. Securities and Exchange Commission on February 16, 2021, and became effective upon filing. SiTime has also filed a preliminary prospectus supplement for the proposed offering. The offering will be made only by means of a prospectus supplement and accompanying prospectus and, when available, the final prospectus supplement. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained, when available, from: Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (888) 603-5847 or by email at Barclaysprospectus@broadridge.com; Credit Suisse Securities (USA), Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, or by telephone at 1-800-221-1037 or by email at firstname.lastname@example.org; or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720 or by email at email@example.com.
This press release shall not constitute an offer to sell or a 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.
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