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TTM Technologies, Inc. Files for Public Stock Offering
REDMOND, Wash., Dec. 21 /PRNewswire/ -- TTM Technologies, Inc. (Nasdaq: TTMI) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 7,000,000 shares of common stock, of which 2,250,000 shares will be offered by the Company and approximately 4,750,000 shares will be offered by selling shareholders. The Company will not receive any of the proceeds from the sale of shares by the selling shareholders. Shareholders of the company will also grant the underwriter an option to purchase up to an additional 1,050,000 shares to cover over-allotments, if any. An underwriting group managed by Robertson Stephens, Inc. will offer the shares.
Net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures, possible reduction of indebtedness and potential acquisitions.
TTM Technologies, Inc. is a leading supplier of time-critical, technologically advanced printed circuit boards to original equipment manufacturers and electronic manufacturing services companies. TTM stands for time-to-market, representing how the company's time-critical, one-stop shopping manufacturing services enable customers to shorten the time required to develop new products and bring them to market.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time a 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
A preliminary prospectus relating to the offering may be obtained from Robertson Stephens, Inc., at 555 California St., San Francisco, CA 94104.
SOURCE TTM Technologies, Inc.
CONTACT: Stacey Peterson, Chief Financial Officer of TTM Technologies, Inc., +1-714-241-0303/