VIA optronics AG (VIAO) Prices 6.25M ADS IPO at $15/ADS

VIA optronics AG (NYSE: VIAO), a leading supplier of enhanced display solutions, announced today the pricing of its initial public offering (the “Offering”) of 6,250,000 American Depositary Shares (“ADSs”), representing 1,250,000 ordinary shares at a public offering price of $15.00 per ADS, for gross proceeds of $93.75 million, before underwriting discounts and commissions. All of the ADSs are being offered by VIA. In addition, certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 937,500 ADSs, representing 187,500 ordinary shares, to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions. VIA will not receive any proceeds from the sale of ADSs by the selling shareholders. VIA ADSs are scheduled to begin trading on New York Stock Exchange on September 25, 2020 under the ticker symbol “VIAO.” The Offering is expected to close on September 29, 2020, subject to customary closing conditions.

Berenberg is acting as sole bookrunning manager for the Offering and Craig-Hallum Capital Group is acting as lead manager.

Corning Research & Development Corporation (“Corning”), one of VIA’s commercial partners, has agreed to purchase 1,403,505 ADSs, representing 280,701 ordinary shares, at an aggregate purchase price of approximately $20 million in a separate concurrent private placement, which is expected to be completed after the completion of the Offering, at a price per ADS equal to 95% of the public offering price in the Offering. The sale of ADSs to Corning will not be registered under the Securities Act of 1933, as amended. While the closing of the concurrent private placement is conditioned on the closing of the Offering, the closing of the Offering is not conditioned upon the closing of such concurrent private placement.

The Offering is being made only by means of a prospectus.

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