Summit Semiconductor (NASDAQ: WISA), a technology company that delivers the wireless immersive sound experience with patented technology supporting the WiSA™ (Wireless Speaker and Audio) interoperability standard, announced the pricing of its initial public offering of 2,400,000 shares of its common stock at an initial offering price of $5.00 per share, for total gross proceeds of $12.0 million before deducting underwriting discounts and commissions and other offering expenses.
The shares of Summit Semiconductor’s common stock began trading on the Nasdaq stock market under the symbol “WISA” on July 27, 2018. All of the shares in the offering are being offered by Summit Semiconductor. The offering closed on July 26, 2018, subject to customary closing conditions.
Alexander Capital, LP and WallachBeth Capital LLC., Inc. were acting as co-lead managers for the offering.
No comments:
Post a Comment