Atomera Raises $25 Million, Nets $23.6 Million in Direct Stock Offering
Atomera sold 5 million common shares at $5.00 each in a registered direct offering, raising gross proceeds of $25 million and netting approximately $23.6 million after fees. The company intends to deploy the funds for working capital and general corporate purposes to strengthen its financial runway.
1. Offering Details
Atomera sold 5 million common shares at $5.00 per share to institutional investors in a registered direct offering, generating gross proceeds of $25 million and net proceeds of approximately $23.6 million after fees. Craig-Hallum served as the sole placement agent for the transaction.
2. Use of Proceeds
The company plans to allocate the net proceeds toward working capital needs and general corporate purposes, aiming to extend its financial runway and support ongoing operational initiatives.
3. Registration Details
The offering was executed under Atomera’s shelf registration statement on Form S-3 (File No. 333-287603) filed on May 27, 2025 and declared effective on June 3, 2025, with a prospectus supplement describing the terms filed with the SEC.
4. Company Overview
Atomera is a semiconductor materials and technology licensing company focused on deploying its proprietary Mears Silicon Technology™ (MST®) into semiconductor manufacturing to boost transistor performance and power efficiency within existing production processes.