Chip equipment maker Amtech up after $60 mln share sale
02/06/2026 13:10
BUZZ-Chip equipment maker Amtech up after $60 mln share sale ** AI semiconductor equipment maker Amtech Systems ASYS.O shares up 1.9% premarket to $21.05 after $60 mln follow-on priced
** Tempe, Arizona-based ASYS late Mon said it sold ~2.9 mln shares at $20.50 vs their last close of $20.65
** Co intends to use net offering proceeds to grow its semiconductor packaging and advanced wafer substrate fabrication platforms, for potential M&A, among other purposes
** Titan Capital Partners, a division of American Capital Partners, sole bookrunner
** ASYS has ~14.6 mln shares outstanding as of May 21, per the prospectus
** At Mon close, stock up 65% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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Chip equipment maker Amtech up after $60 mln share sale