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ACM Research Announces Proposed Public Offering of Class A Common Stock
ACM intends to use the net proceeds from the offering for working capital and other general corporate purposes, except that ACM will use net proceeds from any sale of shares pursuant to an exercise of the underwriters’ option to repurchase and retire shares of Class A common stock from certain of ACM’s directors and officers (and an affiliate of an officer) at a price per share equal to the net proceeds per share received by ACM in the offering.
Stifel and
A shelf registration statement on Form S-3 (No. 333-228734) relating to the shares of Class A common stock proposed to be issued in the offering was filed with the
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described in this release, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About ACM Research, Inc.
ACM develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield, in fabricating advanced integrated circuits.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering and the intended use of proceeds from the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of ACM’s business and other risks detailed from time to time in ACM’s filings with the
The ACM logo is a trademark of
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Ralph Fong | ||
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ralph@blueshirtgroup.com |
Source: ACM Research (Shanghai), Inc.