SiTime Corporation Announces Launch of Follow-on Public Offering

Company Overview - SiTime Corporation is recognized as the Precision Timing company, specializing in semiconductor MEMS programmable solutions that enhance product performance, reduce size, lower power consumption, and improve reliability [5] Proposed Offering - SiTime has filed a preliminary prospectus supplement for a proposed follow-on public offering of $350,000,000 of its common stock, with an additional option for underwriters to purchase up to $52,500,000 of shares [1] - The offering is contingent on market conditions, and there is no guarantee regarding its completion or the final terms [1] Underwriters - UBS Investment Bank and Stifel are serving as joint lead book-running managers for the offering, with Needham & Company also participating as a joint book-running manager [2] Regulatory Filings - A registration statement for the shares was filed with the U.S. Securities and Exchange Commission on February 26, 2024, and became effective upon filing [3]