ACM Research, Inc. (NASDAQ: ACMR) entered into a securities purchase agreement on May 12, 2026, with institutional investors managed by Tekne Capital Management, LLC for a registered direct offering.

The company agreed to sell 2,884,615 shares of Class A common stock at $52.00 per share through the offering. ACM Research expects to receive net proceeds of approximately $150 million after deducting estimated offering expenses.

The closing of the offering is expected to occur on or about May 15, 2026, subject to customary closing conditions. The shares are being sold pursuant to an effective shelf registration statement on Form S-3 and a related prospectus supplement filed with the Securities and Exchange Commission.

ACM Research stated it intends to use the net proceeds for U.S. and global expansion, as well as general corporate purposes. The company agreed to a six-month lock-up period regarding its Class A common stock and certain other securities, which can be waived by the investors' investment advisor.

The purchase agreement contains standard representations, warranties and agreements by both parties, along with customary closing conditions. K&L Gates LLP served as counsel to the company and issued an opinion regarding the validity of the shares to be issued in the offering.

This information is based on ACM Research's Form 8-K filing with the SEC.