Semtech (SMTC) Announces Proposed $400M Share Offering

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Go back to Semtech (SMTC) Announces Proposed $400M Share Offering

Semtech Announces Proposed Public Offering of Common Stock

December 4, 2024 4:19 PM EST

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider (Semtech or Company), today announced a proposed underwritten public offering, subject to market conditions, to sell $400 million of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional $60 million of shares of its common stock to be sold in the proposed offering, at the public offering price per share, less underwriting discounts and commissions.

The Company intends to use the net proceeds from the... More