New MEMS White Paper

Download the latest Logitech white paper and learn more about MEMS processing technology and techniques

Download our CMP White Paper

FREE subscription
Subscribe for free to receive each issue of Semiconductor Today magazine and weekly news brief.

 

 

 

 

 

 

 

 

 

News

23 February 2007

 

Aviza announces pricing of public offering to raise $24m

Etch and deposition equipment maker Aviza Technology Inc of Scotts Valley, CA, USA has announced the pricing at $6.50 per share of its underwritten public offering on the NASDAQ Global Market of 4,000,000 shares of common stock. The firm expects the offering to close on 28 February.

Aviza estimates the net proceeds to be about $23.9m, or $27.6m if the sole underwriter Needham & Company LLC exercises its option (up to 8 April) to purchase up to 600,000 additional shares to cover over-allotments.

Aviza intends to use the proceeds for working capital, research and development, and other general corporate purposes, which may include repaying borrowings under its mortgage and revolving lines of credit.

Visit: http://www.avizatechnology.com