SMTC - Public offerings

Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced the closing of its underwritten public offering of 10,496,032 shares of its common stock, which includes the full exercise of the underwriters' option to purchase an additional 1,369,047 shares of its common stock, at a public offering price of $63.00 per share. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, were approximately $661 million. The Company intends to use the net proceeds from the offering for the repayment of cert

Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced the pricing of an underwritten public offering of 9,126,985 shares of its common stock at a public offering price of $63.00 per share. The size of the offering was increased from the previously announced $400 million of shares of common stock. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $575 million. The offering is scheduled to close on December 9, 2024, subject to the satisfaction of customa

Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced a proposed underwritten public offering, subject to market conditions, to sell $400 million of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional $60 million of shares of its common stock to be sold in the proposed offering, at the public offering price per share, less underwriting discounts and commissions. The Company intends to use the net proceeds from the proposed offering for the repayment of certain indebtedness under the Company's Third Amended and Re

Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced the closing of its previously announced privately negotiated exchange transactions (the "Exchange Transactions") with certain holders of its 4.00% Convertible Senior Notes due 2028 (the "2028 Notes"). In the Exchange Transactions, the holders exchanged approximately $188 million in aggregate principal amount of the 2028 Notes and accrued interest for an aggregate of 10,378,431 shares of the company's common stock, par value $0.01 per share ("Shares"). The Shares issued in the Exchange Transactions were not registered under the Securities Act of 1933, as