Workflow
Silicon and software IP
icon
Search documents
CEVA ANNOUNCES THE PRICING OF UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK
Prnewswireยท 2025-11-19 02:34
Core Viewpoint - Ceva, Inc. has announced a public offering of 3,000,000 shares of its common stock at a price of $19.50 per share, aiming to raise approximately $58.5 million in gross proceeds before expenses [1][3]. Group 1: Offering Details - The public offering is expected to close on November 20, 2025, pending customary closing conditions [2]. - Ceva has granted underwriters a 30-day option to purchase an additional 450,000 shares at the public offering price [1]. - J.P. Morgan is the lead book-running manager, with UBS Investment Bank as the junior active book-running manager, and other firms acting as additional book-running managers [4]. Group 2: Purpose of the Offering - The primary purposes of the offering are to enhance financial flexibility, obtain additional capital, and increase the public float [3]. - Net proceeds from the offering will be used for potential acquisitions, investments in complementary technologies, working capital, capital expenditures, share repurchases, and other general corporate purposes [3]. Group 3: Regulatory Information - The offering is made under a shelf registration statement filed with the SEC, which became effective on August 16, 2024 [5]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be made available [5].