Atomera, Inc: Atomera Completes $25 Million At-The-Market Equity Offering

Rhea-AI Summary

Atomera Incorporated (NASDAQ:ATOM) has successfully completed an equity offering, generating approximately $24.2 million in net proceeds. This offering was carried out under an at-the-market equity program initiated per a prospectus supplement dated September 2, 2020. Atomera focuses on developing and licensing proprietary semiconductor materials technology, aimed at enhancing the semiconductor industry.

Positive

• Net proceeds of approximately $24.2 million from the equity offering.

Negative

• None.

News Market Reaction – ATOM

+5.27%

+5.27% Session move

In the trading session that priced this news, ATOM gained 5.27%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOS GATOS, CA / ACCESSWIRE / January 5, 2021 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and licensing company, today announced it has completed an offering of shares of its common stock, pursuant to an at-the-market equity program described in a prospectus supplement dated September 2, 2020 and filed with the SEC. After deducting commissions and other estimated expenses, net proceeds to Atomera were approximately $24.2 million.

About Atomera

Atomera Incorporated is a semiconductor materials, and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. For more information, please visit Atomera.com

Investor Contact:
Bishop IR
Mike Bishop
(415) 894-9633
investor@atomera.com

SOURCE: Atomera via EQS Newswire

View source version on accesswire.com:
https://www.accesswire.com/623209/Atomera-Inc-Atomera-Completes-25-Million-At-The-Market-Equity-Offering

FAQ

What was Atomera's recent equity offering amount?

Atomera's recent equity offering generated approximately $24.2 million in net proceeds.

What is the purpose of Atomera's equity offering?

The equity offering was executed under an at-the-market equity program to raise funds for business operations.

When was Atomera's prospectus supplement filed?

The prospectus supplement for Atomera's equity offering was filed on September 2, 2020.

What does Atomera focus on in the semiconductor industry?

Atomera focuses on semiconductor materials and technology licensing, developing proprietary silicon-proven technology.