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ACM Research Announces Exercise of Over-Allotment Option
ACM will use its net proceeds from the sale of shares pursuant to the 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 from the exercise of the over-allotment option.
The option to purchase additional shares was granted to the underwriters in connection with ACM’s underwritten public offering, which closed on
A shelf registration statement on Form S-3 (No. 333-228734) relating to the shares of Class A common stock 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.
The ACM logo is a trademark of
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Source: ACM Research (Shanghai), Inc.