PDF Solutions Raises $85.7M in Upsized $44-Per-Share Offering with Greenshoe Exercise
PDF Solutions completed an upsized public offering, selling 5,253,554 shares at $44 per share, including 1,946,630 company shares and 685,246 via full greenshoe exercise, while Advantest America sold 3,306,924 shares. The transaction generated gross proceeds of approximately $85.7 million for PDF Solutions.
1. Offering Completion
PDF Solutions closed its underwritten public offering of 5,253,554 common shares priced at $44 each, of which 1,946,630 shares were sold by the company.
2. Greenshoe Exercise and Selling Stockholder
Underwriters fully exercised a 685,246-share greenshoe option to purchase additional shares from PDF Solutions, and Advantest America sold 3,306,924 shares in the transaction.
3. Capital and Strategic Impact
PDF Solutions received approximately $85.7 million in gross proceeds to bolster its data solutions platform development and support semiconductor industry customers.