Needham & Company

Phathom Pharmaceuticals Announces Closing of Underwriters’ Option to Purchase Additional Shares in Connection with Public Offering of Common Stock

Retrieved on: 
Friday, June 9, 2023
Exercise, Attention, Telephone, Jefferies, Sale, Evercore, Needham & Company, Prospectus, Jefferies Group, Equity capital markets, Madison Avenue, Security (finance)

After giving effect to the sale of these additional shares, the total gross proceeds to Phathom from the offering were approximately $150.3 million, before deducting the underwriting discounts and commissions and other offering expenses.

Key Points: 
  • After giving effect to the sale of these additional shares, the total gross proceeds to Phathom from the offering were approximately $150.3 million, before deducting the underwriting discounts and commissions and other offering expenses.
  • Phathom intends to use the net proceeds from the offering to fund the clinical development of vonoprazan, pre-commercial activities and commercialization expenses and for working capital and general corporate purposes.
  • Jefferies and Evercore ISI acted as joint bookrunning managers for the offering.
  • A final prospectus supplement relating to the offering has been filed with the SEC.

Mobileye Announces Pricing of Secondary Offering of Shares of Class A Common Stock

Retrieved on: 
Thursday, June 8, 2023
Other Energy, Oil, Gas, Energy, Automotive, Other Automotive, Technology, General Automotive, Other Technology, Morgan Stanley, BNP PARIBAS, Varick Street, TD, Telephone, Mobileye, BofA Securities, CICC, Sale, Intel, Evercore, RBC Capital Markets, Needham & Company, Storey, Prospectus, Citigroup, J. P. Morgan, Security (finance), Barclays

Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today announced the pricing of a previously announced underwritten secondary public offering of 38,500,000 shares of Mobileye’s Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the “Selling Stockholder”), at a price of $42.00 per share.

Key Points: 
  • Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today announced the pricing of a previously announced underwritten secondary public offering of 38,500,000 shares of Mobileye’s Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the “Selling Stockholder”), at a price of $42.00 per share.
  • The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 5,775,000 shares of Mobileye’s Class A common stock.
  • The offering is expected to close on June 12, 2023, subject to customary closing conditions.
  • Mobileye is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.

TNL Mediagene, a leading Asian digital-media company, agrees to become publicly listed company on Nasdaq through merger with Blue Ocean Acquisition Corp

Retrieved on: 
Tuesday, June 6, 2023
Advertising, Food, Gen, Marketing, JAPAN, TNL, Martech, Google Analytics, Sidley Austin, Adtech (company), Science, Cayman Islands, Mergers and acquisitions, Needham & Company, Acquisition, The News Lens, MG, Sport, Growth, Ff Venture Capital, News, Needham, Morrison & Foerster, Cryptocurrency, Video game, Security (finance), Blue Ocean Strategy

"By combining forces, TNL and Mediagene have created a first-class, pan-Asian digital-media group," Mediagene CEO and founder Motoko Imada said.

Key Points: 
  • "By combining forces, TNL and Mediagene have created a first-class, pan-Asian digital-media group," Mediagene CEO and founder Motoko Imada said.
  • Pursuant to the business combination agreement for the transaction, Blue Ocean will merge with a wholly owned subsidiary of TNL Mediagene with Blue Ocean surviving the merger as a wholly owned subsidiary of TNL Mediagene (the "Merger"), and TNL Mediagene becoming a publicly listed company on the NASDAQ.
  • As a result of the Merger, outstanding shares and warrants of Blue Ocean will be canceled and converted into the right to receive equivalent shares and warrants of TNL Mediagene.
  • The Boards of Directors of TNL Mediagene and Blue Ocean, respectively, have approved the transaction.

Navitas Semiconductor Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

Retrieved on: 
Monday, June 5, 2023
Morgan Stanley, Exercise, Attention, Varick Street, Deutsche Bank, Telephone, Jefferies, Sale, Needham & Company, Prospectus, Jefferies Group, Investment, Rosenblatt, Navitas, Madison Avenue, 2nd Floor, Security (finance)

After giving effect to the full exercise of the option to purchase additional shares, the total number of shares sold by Navitas in the offering increased to 11,500,000 shares.

Key Points: 
  • After giving effect to the full exercise of the option to purchase additional shares, the total number of shares sold by Navitas in the offering increased to 11,500,000 shares.
  • Aggregate gross proceeds, before deducting underwriting discounts and commissions and offering expenses, were $92.0 million.
  • The issuance and sale of the additional shares closed on June 5, 2023.
  • Navitas intends to use the net proceeds from the offering for working capital and other general corporate purposes, including potential acquisitions or strategic manufacturing investments.

Navitas Semiconductor Announces Pricing of Public Offering of Class A Common Stock

Retrieved on: 
Wednesday, May 24, 2023
Morgan Stanley, Attention, Varick Street, Deutsche Bank, Telephone, Jefferies, Sale, Needham & Company, Prospectus, Jefferies Group, Investment, Rosenblatt, Navitas, Madison Avenue, 2nd Floor, Security (finance)

TORRANCE, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share.

Key Points: 
  • TORRANCE, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share.
  • All of the shares in the offering are being offered by Navitas.
  • The gross proceeds to Navitas from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $80.0 million.
  • In addition, Navitas has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

Phathom Pharmaceuticals Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Wednesday, May 24, 2023
Attention, Telephone, Jefferies, Sale, Evercore, Needham & Company, Prospectus, Jefferies Group, Equity capital markets, Madison Avenue, Security (finance)

FLORHAM PARK, N.J., May 23, 2023 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today the pricing of its underwritten public offering of 11,125,000 shares of its common stock at a price to the public of $11.75 per share.

Key Points: 
  • FLORHAM PARK, N.J., May 23, 2023 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today the pricing of its underwritten public offering of 11,125,000 shares of its common stock at a price to the public of $11.75 per share.
  • The gross proceeds to Phathom from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $130.7 million.
  • In addition, Phathom has granted the underwriters a 30-day option to purchase up to an additional 1,668,750 shares of common stock at the public offering price, less underwriting discounts and commissions.
  • The offering is expected to close on or about May 26, 2023, subject to satisfaction of customary closing conditions.

Phathom Pharmaceuticals Announces Proposed Public Offering of Common Stock

Retrieved on: 
Tuesday, May 23, 2023
Attention, Telephone, Jefferies, Sale, Evercore, Needham & Company, Prospectus, Jefferies Group, Equity capital markets, Madison Avenue, Security (finance)

FLORHAM PARK, N.J., May 23, 2023 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.

Key Points: 
  • FLORHAM PARK, N.J., May 23, 2023 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.
  • In addition, Phathom intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the total number of the shares of its common stock offered in the public offering.
  • There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Phathom intends to use the net proceeds from the proposed offering to fund the clinical development of vonoprazan, pre-commercial activities and commercialization expenses and for working capital and general corporate purposes.

Data I/O Announces Upcoming Investor Conferences

Retrieved on: 
Tuesday, May 23, 2023
Data Management, Engineering, Semiconductor, Security, Technology, Manufacturing, Hardware, Singular, Internet, Needham & Company, Silicon, IR, Research, EV, ICS, Data I/O, Data, Gamma Data, Cryptocurrency

Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced that it will be participating in two upcoming investor conferences.

Key Points: 
  • Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced that it will be participating in two upcoming investor conferences.
  • Anthony Ambrose, Data I/O President and CEO, will be participating at both conferences.
  • Data I/O management will be available for investor meetings from 10:00 am to 5:35 pm eastern time.
  • Please visit the Company’s Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com to access a copy of the presentation used at the conferences.

EVgo Inc. Announces Pricing of Offering of Class A Common Stock

Retrieved on: 
Thursday, May 18, 2023
EV, Electric Vehicles, Automotive, Technology, Other Transport, Other Energy, Transport, Other Automotive, Other Technology, Alternative Vehicles, Fuels, Energy, Fleet Management, Attention, Telephone, BofA Securities, J.P. Morgan & Co., Goldman Sachs, Sale, Evercore, RBC Capital Markets, Needham & Company, Equity capital markets, Citigroup, Security (finance), UBS, EVgo, Roth Capital Partners, Broadridge Financial Solutions, Stifel, L.L.C

EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), at $4.25 per share.

Key Points: 
  • EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), at $4.25 per share.
  • The net proceeds to the Company from the offering, after deducting underwriting discounts and commissions but before other offering expenses, are expected to be approximately $121 million.
  • EVgo has granted the underwriters a 30-day option to purchase up to an additional 4,411,764 shares of Class A common stock.
  • EVgo intends to use the net proceeds of this offering for general corporate purposes.

Agilysys to Participate in 18th Annual Needham Technology & Media Conference

Retrieved on: 
Monday, May 15, 2023
Software, Professional Services, Fintech, Payments, Other Travel, Electronic Commerce, Apps, Applications, Technology, Lodging, Destinations, Travel, Finance, Needham & Company, Press, Conference, Cryptocurrency, Agilysys

Agilysys, Inc., (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced it will participate in the 18th Annual Needham Technology & Media Conference to be held both virtually and in person in New York City, May 16th to 18th.

Key Points: 
  • Agilysys, Inc., (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced it will participate in the 18th Annual Needham Technology & Media Conference to be held both virtually and in person in New York City, May 16th to 18th.
  • Agilysys Chief Financial Officer Dave Wood will host one-on-one meetings with investors and analysts Wednesday, May 17th, 2023.
  • Participants who want to meet one-on-one with Agilysys must schedule time directly through the Needham Technology & Media Conference organizers.
  • The upcoming conference on technology and media will feature public and private company presentations, fireside chats and thematic panels.