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Inphi Files Registration for Initial Public Offering 2010-06-22
The firm has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock
Inphi Corporation, a fabless provider of high- speed analog semiconductor solutions for the communications and computing markets has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Morgan Stanley, Deutsche Bank Securities Inc. and Jefferies & Company are acting as book- running managers for the offering.
Thomas Weisel Partners LLC and Needham & Company, LLC are acting as co-managers for the offering.
When available, a copy of the preliminary prospectus may be obtained from the following sources:
Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, by calling 866- 718-1649 or by emailing prospectus@
morganstanley.com;
Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey 07311, Attn: Prospectus Department, by calling 800-503-4611;
Jefferies & Company, Inc., 520 Madison Ave., 12th Floor, New York, NY 10022, Attn: Equity Syndicate Prospectus Department, by calling 877-547-6340 or by emailing Prospectus_Department@
Jefferies.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.
Solyndra to Expand with Aggressive Growth Plans
2010-06-22
Solyndra agrees to Sale of Secured Convertible Promissory Notes in Private Placement of $175 million to increase CIGS solar cell manufacturing capability.
Solyndra has entered into an agreement for the sale of secured convertible promissory notes to some of its existing investors in an aggregate principal amount of $175 million in a private placement.
Proceeds from the sales of such notes will be used to fund the company’s existing operations and support its growth plans. “Given the ongoing uncertainties in the public capital markets, we elected to pursue alternative funding from our existing investor base. This funding allows us to address strong customer demand by maintaining our aggressive growth plans,” commented Chris Gronet, CEO of Solyndra.
The company, which uses its proprietary cylindrical CIGS modules and thin-film technology claims to provide the lowest system installation costs on a per watt basis for the commercial rooftop market, expects first production from its Fab 2 manufacturing complex to occur in the fourth quarter of 2010, approximately two months ahead of schedule. “Fab 2 can’t come on line a minute too soon,” added Gronet. “We’ve now sold over 300,000 panels for deployment on commercial rooftop sites in a dozen countries. By the fourth quarter of 2011, we expect our annualized production to exceed 300MW, enabling economies of scale that will substantially
July 2010
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