TTM Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares
November 18 2016 - 4:05PM
TTM Technologies, Inc. (NASDAQ:TTMI) ("TTM") announced today that
the underwriters of its registered public secondary offering
exercised in full their option to purchase an additional 1,800,000
shares of common stock from its largest stockholder, Su Sih (BVI)
Ltd. (the “Selling Stockholder”), at the public secondary offering
price, less underwriting discounts and commissions. As a
result, the total secondary offering size is 13,800,000 shares of
common stock. Closing of the sale of the shares is expected to
occur on November 22, 2016. The Selling Stockholder will receive
all of the proceeds from the offering. No shares of common stock
are being sold by TTM in the offering. The offering is being made
pursuant to TTM’s shelf registration statement filed with the
Securities and Exchange Commission.
J.P. Morgan Securities LLC acted as sole
book-running manager in the offering. Needham & Company, LLC
and Stifel, Nicolaus & Company, Incorporated acted as
co-managers in the offering.
The offering of these securities is being made by
means of a prospectus supplement and the accompanying prospectus
only, copies of which may be obtained from J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by calling toll-free 1-866-803-9204.
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
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About TTMTTM Technologies, Inc. is
a major global printed circuit board manufacturer, focusing on
quick-turn and technologically advanced PCBs, backplane assemblies
and electro-mechanical solutions. TTM stands for time-to-market,
representing how TTM's time-critical, one-stop manufacturing
services enable customers to shorten the time required to develop
new products and bring them to market.
IR Contact
Sameer Desai
Senior Director, Corporate Development & Investor Relations
sameer.desai@ttmtech.com
714-327-3050
TTM Technologies (NASDAQ:TTMI)
Historical Stock Chart
From Mar 2024 to Apr 2024
TTM Technologies (NASDAQ:TTMI)
Historical Stock Chart
From Apr 2023 to Apr 2024