News Article
Rubicon announces pricing of public offering of common stock
The provider of sapphire substrates and products to the LED, semiconductor and optical markets will sell stockholders at a price to the public of $13.00 per share
Rubicon Technology, Inc. has announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock.
The offering is expected to close on March 24th, 2014, subject to satisfaction of customary closing conditions. In addition, Rubicon has granted the underwriters a thirty day option to purchase up to an additional 375,000 shares of its common stock to cover over-allotments, if any.
Canaccord Genuity Inc. is acting as sole book-running manager for the offering and D.A. Davidson & Co. is acting as co-manager for the offering. Rubicon will not receive any proceeds from the sale of common stock by selling stockholders.
The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC.
The offering is expected to close on March 24th, 2014, subject to satisfaction of customary closing conditions. In addition, Rubicon has granted the underwriters a thirty day option to purchase up to an additional 375,000 shares of its common stock to cover over-allotments, if any.
Canaccord Genuity Inc. is acting as sole book-running manager for the offering and D.A. Davidson & Co. is acting as co-manager for the offering. Rubicon will not receive any proceeds from the sale of common stock by selling stockholders.
The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC.
