ACM Research (NASDAQ: ACMR), a provider of single-wafer wet cleaning equipment used by manufacturers of advanced semiconductors, has closed an underwritten public offering of 1,785,715 shares of its Class A common stock. According to the update, the offering resulted in approximately $25 million in gross proceeds for ACM Research, with each of the shares sold at the public offering price of $14.00. The company has also granted underwriters a 30-day option to purchase up to an additional 267,857 of its Class A common stock shares. ROTH Capital Partners acted as co-manager for the offering.
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About ACM Research, Inc.
ACM develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield, in fabricating advanced integrated circuits. For more information, please visit www.ACMRcsh.com.
About ROTH Capital Partners
ROTH Capital Partners, LLC (“ROTH”), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.ROTH.com.
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