Deal Details
Semtech Completes $661.3 Million Follow-On Offering
Summary
Semtech Corporation (“Semtech” or the “Company”) (NASDAQ: SMTC) recently completed an upsized follow-on offering of the Company’s common stock (the “Offering”). The aggregate size of the Offering was 10,496,032 shares, including 1,369,047 shares sold pursuant to the underwriters' overallotment option, at a price of $63.00 per share generating gross proceeds of $661.3 million. Semtech intends to use the net proceeds from this Offering for the repayment of certain indebtedness.
Baird served as a co-manager on this Offering.
About
Semtech is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Their global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. Semtech is headquartered in Camarillo, California.CONTACT US TO LEARN MORE
- Date
- December 2024
- Company
- Semtech Corporation
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
IT Services, Security & Infrastructure
- Target Geography
- North America
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