TTM Technologies, Inc. Announces Filing of Shelf Registration Statement for Maximum Aggregate of $200 Million
SANTA ANA, Calif.--(BUSINESS WIRE)--
TTM Technologies, Inc. (Nasdaq:TTMI), a leading manufacturer of time-critical, technologically advanced printed circuit boards, announced today that it has filed a universal shelf registration statement with the U.S. Securities and Exchange Commission ("SEC") for the registration and potential issuance of up to $200 million of TTM Technologies securities, which may include common stock, preferred stock, convertible debt or any combination thereof. Upon being declared effective by the SEC, the shelf registration statement will allow the Company to sell the various securities in one or more offerings in the future. The Company has no immediate plans to sell any securities under this shelf registration.
A prospectus supplement will describe the terms of any particular offering made under the universal shelf registration statement. TTM may use all or a portion of the net proceeds to fund potential investments in, and acquisitions of, companies, businesses, partnerships, minority investments, products or technologies. Currently, there are no commitments or agreements regarding such acquisitions or investments.
These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
"The filing of the shelf registration at this time enables the Company to have flexibility in evaluating opportunities in the future," said Kent Alder, President and CEO of TTM.
About TTM Technologies, Inc.
TTM Technologies, Inc. is North America's largest printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business. TTM stands for time-to-market, representing how the company's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttmtech.com.
Source: TTM Technologies, Inc.
Released January 15, 2008