Kulicke & Soffa Prices Common Stock OfferingFORT WASHINGTON, Pa.
--(BUSINESS WIRE)--Aug. 6, 2009--
Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (the “Company”)
announced today that it has priced an underwritten public offering of
7.0 million newly issued shares of its common stock at a public offering
price of $5.00
per share. Jefferies & Company, Inc.
is the sole
underwriter for this offering. The Company has granted the underwriter a
30-day option to purchase up to 1.0 million additional shares to cover
over-allotments, if any. The offering is expected to close on August 11,
, subject to customary closing conditions. The Company intends to
use the net proceeds from the offering to fund working capital
requirements and for general corporate purposes.
The shares will be issued pursuant to an effective shelf registration
statement that was previously filed with the Securities and Exchange
Commission (the “SEC”) and was declared effective on July 23, 2009. A
copy of the preliminary prospectus supplement and related base
prospectus for the offering has been filed with the SEC and is available
on the SEC’s website, www.sec.gov.
Alternatively, the underwriter will arrange to send you the preliminary
prospectus supplement and related base prospectus if you request them by
contacting Jefferies & Company, Inc. at 520 Madison Avenue, New York, NY
This press release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell any security of the
Company, nor will there be any sale of such security in any jurisdiction
in which such offer, sale or solicitation would be unlawful. The
offering may be made only be means of a prospectus supplement and
related base prospectus.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) designs and manufactures semiconductor
assembly equipment. In recent years, K&S has expanded its product
offerings to include die and wedge bonders and a broader range of
expendable tools to its core wire bonding products. (www.kns.com)
Source: Kulicke & Soffa Industries, Inc.
Geoff Grande, CFA
Director – Investor Relations &