ACM Research’s Operating Subsidiary ACM Research (Shanghai) Announces Issuance Report on Private Offering of Ordinary Shares
Rhea-AI Summary
ACM Research (NASDAQ: ACMR)'s operating subsidiary, ACM Research Shanghai, has completed a private offering of 38,601,326 ordinary shares on China's STAR Market at RMB 116.11 per share. The offering raised gross proceeds of RMB 4.5 billion (US$630 million) and net proceeds of RMB 4.4 billion (US$624 million) after expenses.
The funds will support research and development, capital expenditures, and working capital. The shares were allocated to 17 qualified investors and are subject to a six-month lock-up period. Following the offering, ACM's equity stake in ACM Shanghai will decrease from 81.1% to approximately 74.5%, though ACM will remain the controlling shareholder.
Positive
- Raised significant capital of US$630 million to fund growth initiatives
- ACM maintains controlling interest with 74.5% ownership
- Successfully placed shares with 17 qualified investors, indicating strong institutional interest
- Proceeds will support R&D and capital expenditures for business expansion
Negative
- Dilution of parent company's ownership from 81.1% to 74.5%
- Six-month lock-up period restricts immediate trading of new shares
News Market Reaction
On the day this news was published, ACMR declined 0.77%, reflecting a mild negative market reaction. Argus tracked a trough of -10.7% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $19M from the company's valuation, bringing the market cap to $2.49B at that time.
Data tracked by StockTitan Argus on the day of publication.
FREMONT, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced that its operating subsidiary, ACM Research (Shanghai), Inc. (“ACM Shanghai”), has issued its report on the private offering of ordinary shares (the “Private Offering”) on the Shanghai Stock Exchange website [link to China Disclosure], in accordance with applicable regulations of the STAR Market and the China Securities Regulatory Commission.
ACM Shanghai issued 38,601,326 ordinary shares at RMB 116.11 per share, raising gross proceeds of RMB 4.5 billion (approx. US
The Private Offering was allocated to 17 qualified investors, all of whom subscribed entirely in cash. The newly issued shares will be registered with the China Securities Depository and Clearing Corporation and subject to the six-month lock-up period before becoming eligible for trading on the STAR Market.
Following the Private Offering, ACM estimates its equity interest in ACM Shanghai will decrease to approximately
All USD amounts above are for reference only and are translated using the September 23, 2025 Wall Street Journal closing exchange rate.
Forward-Looking Statements
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.
© ACM Research, Inc. ACM Research logo is trademark of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.
For investor and media inquiries, please contact:
| In the United States: | The Blueshirt Group Steven C. Pelayo, CFA +1 (360) 808-5154 steven@blueshirtgroup.co |
| In China: | The Blueshirt Group Asia Gary Dvorchak, CFA gary@blueshirtgroup.co |
FAQ
How much did ACM Research Shanghai raise in its private offering?
What is the new ownership structure of ACM Research Shanghai after the private offering?
How many shares did ACM Research Shanghai issue in the private offering?
What will ACM Research Shanghai use the private offering proceeds for?
How long is the lock-up period for the newly issued shares?
