Ultra Clean Holdings (UCTT) Prices 3.2M Shares at $55

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) today announced the pricing of an underwritten public offering of 3,181,818 shares of its common stock at a price to the public of $55.00 per share, resulting in gross proceeds of approximately $175.0 million. All of the shares of common stock to be sold in the offering will be offered by Ultra Clean. The offering is scheduled to close on April 13, 2021, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 477,272 shares of the Company's common stock at the public offering price, less the underwriting discount.

The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital, sales and marketing activities, product development, general and administrative matters, and capital expenditures. The Company may use a portion of the net proceeds to acquire complementary businesses, products, services, or technologies, although it has no agreements, commitments, or plans for any specific acquisitions at this time.

Needham & Company is acting as sole book-running manager for the offering. D.A. Davidson & Co., Craig-Hallum Capital Group and Colliers Securities LLC are acting as co-managers.

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