SiTime Corporation Announces Pricing of Follow-on Public Offering

Group 1 - SiTime Corporation announced a follow-on public offering of 1,750,000 shares at a price of $200.00 per share, expecting gross proceeds of $350 million before expenses [1] - The offering is set to close on June 27, 2025, subject to customary closing conditions [1] - SiTime has granted underwriters a 30-day option to purchase up to 262,500 additional shares at the public offering price [2] Group 2 - UBS Investment Bank and Stifel are the joint lead book-running managers for the offering, with Needham & Company and Goldman Sachs also involved as joint book-running managers [2] - A registration statement for these securities was filed with the U.S. Securities and Exchange Commission on February 26, 2024, and became effective upon filing [3] - The offering is being made only by means of a prospectus supplement and accompanying prospectus [3] Group 3 - SiTime Corporation specializes in precision timing solutions, offering semiconductor MEMS programmable solutions that enhance product performance, size, power efficiency, and reliability [5] - The company has shipped over 3.5 billion devices, indicating a significant impact on the timing industry [5]