InvestmentMay 12, 2026, 08:52 AM
ACM Research to raise $150M in direct offering of 2.88M shares
AI Summary
ACM Research, Inc. entered into a Securities Purchase Agreement on May 12, 2026, with institutional investors managed by Tekne Capital Management, LLC. The company will issue and sell an aggregate of 2,884,615 shares of Class A common stock at an offering price of $52.00 per share in a registered direct offering. The closing of the offering is expected around May 15, 2026, and is anticipated to generate approximately $149.85 million in net proceeds. These funds are earmarked for U.S. and global expansion, as well as general corporate purposes.
Key Highlights
- ACM Research to issue 2,884,615 shares of Class A common stock.
- Offering price set at $52.00 per share.
- Expected net proceeds of approximately $149,849,980.
- Gross proceeds from the offering total $149,999,980.
- Funds to be used for U.S. and global expansion and general corporate purposes.
- Company agreed to a 6-month lock-up period on its Class A common stock.