In the News
Adesto Technologies Announces Exercise of Over-Allotment Option By Underwriters
Thursday, June 29, 2017.
Raises $20 Million in Total Gross Proceeds from Offering
SANTA CLARA, Calif., June 29, 2017 (GLOBE NEWSWIRE) — Adesto Technologies Corporation (NASDAQ:IOTS), a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced that the Underwriters of its previously announced public offering of 4,375,000 shares of common stock has exercised the option to purchase an additional 625,000 shares to cover over allotments, bringing the total gross proceeds from the generic cialis and viagra combo offering to $20,000,000, before deducting the underwriting discount and geniune cialis uk offering expenses payable by Adesto. All of the shares in the offering and the over-allotment were offered by Adesto. The exercise of the over-allotment option closed on June 27, 2017.
Needham & Company acted as sole book running manager and The Benchmark Company acted as co-manager for the offering. ROTH Capital Partners acted as financial advisor to the company.
Adesto intends to use the net proceeds of the offering for general corporate purposes.
A shelf registration statement relating to the shares of common stock offered in the public offering described above was filed with the Securities and Exchange Commission (“SEC”) on April 5, 2017 and declared effective by the SEC on May 4, 2017. The common stock may be offered only by means of a prospectus, including a prospectus supplement, that forms a part of the effective registration statement. A prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement, when available, and accompanying base prospectus relating to the offering may be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, (800) 903-3268.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Before you invest, you should read the final prospectus supplement and the accompanying base prospectus and other documents Adesto has filed or will file with the SEC for more complete information about Adesto and the offering.
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any statements contained herein which do not describe historical facts, including but not limited to statements regarding the expected net proceeds from the offering, the timing of completion of the offering, expected use of proceeds are forward-looking statements that involve risks and buy viagra uncertainties that could cause actual results to differ materially from those discussed in such forward- looking statements. Such risks and uncertainties include, among others, risks relating to the satisfaction of customary closing conditions, risks associated with the cash requirements of Adesto’s business, and the risks identified in Adesto’s filings with the SEC, including its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017, filed with the SEC on May 15, 2017, the preliminary prospectus supplement related to the proposed public offering and subsequent filings with the SEC. Any of these risks and uncertainties could materially and adversely affect Adesto’s results of operations, which would, in turn, have a significant and adverse impact on Adesto’s stock price. Adesto cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Adesto undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.
Director, Corporate Communications
Adesto Technologies Investor Relations:
Leanne K. Sievers, President