Acacia Communications (ACIA) Prices 4.5M Common Stock Follow-on at $100/Share

October 7, 2016 6:15 AM EDT
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Acacia Communications, Inc. (Nasdaq: ACIA) announced the pricing of its follow-on public offering of 4,500,000 shares of its common stock at a price to the public of $100.00 per share. The offering consists of 1,210,302 shares from Acacia Communications and 3,289,698 shares from certain existing stockholders. In addition, the underwriters have also been granted a 30-day option to purchase up to an additional 675,000 shares of common stock from certain of the selling stockholders.

(Note: Acacia closed at $109.42 on Oct. 7th.)

Acacia Communications intends to use proceeds from the offering for working capital and general corporate purposes. Acacia Communications will not receive any of the proceeds from any sale of shares by the selling stockholders.

Goldman, Sachs & Co., BofA Merrill Lynch, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint bookrunners for the offering, and Needham & Company, LLC, Cowen and Company, LLC, William Blair & Company, L.L.C. and Northland Securities, Inc. are acting as co-managers.

The offering of these securities will be made only by means of a written prospectus. A copy of the prospectus related to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, or email: prospectus-ny@ny.email.gs.com; BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or email: dg.prospectus_requests@baml.com; Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, telephone: (800) 503-4611, or email: prospectus.cpdg@db.com; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, telephone: (866) 718-1649, or email: prospectus@morganstanley.com.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may 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.



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