Ambiq announces 2.2 million share public offering

Ambiq Micro, Inc. (NYSE: AMBQ) announced the commencement of an underwritten public offering of 2,200,000 shares of common stock. The offering includes 2,157,051 shares offered by the company and 42,949 shares offered by certain existing stockholders.

The Austin-based semiconductor company expects to grant underwriters a 30-day option to purchase up to an additional 330,000 shares at the public offering price, less underwriting discounts and commissions. The offering remains subject to market and other conditions, with no assurance regarding completion timing or final terms.

BofA Securities and UBS Investment Bank serve as joint lead book-running managers for the offering, while Needham & Company and Stifel act as joint book-running managers.

The company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, though it has not yet become effective. The securities cannot be sold until the registration statement becomes effective, and the offering will proceed only through a prospectus.

Ambiq develops ultra-low-power semiconductor solutions for edge artificial intelligence applications. The company's technology is built on its patented subthreshold power optimized technology (SPOT), which the company states has powered over 290 million devices.

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