|By Marketwired .||
|February 11, 2014 02:00 AM EST||
FREMONT, CA -- (Marketwired) -- 02/11/14 -- Mattson Technology, Inc. (NASDAQ: MTSN), a leading supplier of advanced process equipment used to manufacture semiconductors, today announced that it has priced its previously announced underwritten public offering of 12,245,000 shares of its common stock at a price to the public of $2.45 per share. The offering is expected to close on or about Friday, February 14, 2014, subject to satisfaction of customary closing conditions. Mattson Technology also granted the underwriters a 30-day option to purchase at the public offering price up to an additional 1,836,750 shares of its common stock to cover over-allotments, if any. After deducting the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $27.1 million, assuming no exercise of the over-allotment option.
Needham & Company, LLC and Cowen and Company, LLC are acting as joint book-running managers and B. Riley & Co., LLC is acting as co-manager for the offering.
Mattson Technology intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures and other corporate expense.
A shelf registration statement relating to the shares of common stock was previously filed with the Securities and Exchange Commission (the "SEC") and declared effective on November 7, 2013.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other 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 other jurisdiction. Copies of the prospectus supplement (when available) and accompanying prospectus may be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, via telephone at (800) 903-3268 or by email to [email protected], or from Cowen and Company, LLC c/o Broadridge Financial Services., 1155 Long Island Avenue, Edgewood, NY,11717, Attn: Prospectus Department, via telephone at (631) 274-2806 or fax at (631) 254-7140.
About Mattson Technology, Inc.
Mattson Technology, Inc. designs, manufactures and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits. We are a leading supplier of plasma and rapid thermal processing equipment to the global semiconductor industry, and operate in four primary product sectors: Dry Strip, Etch, Rapid Thermal Processing and Millisecond Anneal. Through manufacturing and design innovation, we have produced technologically advanced systems that provide productive and cost-effective solutions for customers fabricating current- and next-generation semiconductor devices. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, CA, 94538. Telephone: (800) MATTSON / (510) 657-5900. Internet: www.mattson.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the satisfaction of customary closing conditions and whether or not Mattson Technology will consummate the offering, prevailing market conditions, the anticipated use of the proceeds of the offering which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Mattson Technology will be able to complete the offering on the anticipated terms, or at all. Additional risks and uncertainties relating to the offering, Mattson Technology and its business can be found under the heading "Risk Factors" in Mattson Technology's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the preliminary prospectus supplement relating to the offering and in the prospectus supplement relating to the offering to be filed with the Securities and Exchange Commission. Mattson Technology assumes no duty or obligation to update or revise any forward-looking statements for any reason.
Mattson Technology Contact
J. Michael Dodson
Mattson Technology, Inc.
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