POWAY, Calif.--(BUSINESS WIRE)--Jan. 3, 2017--
Cohu, Inc. (NASDAQ:COHU) today announced that it has filed a universal
shelf registration statement on Form S-3 with the United States
Securities and Exchange Commission (“SEC”). The registration statement
is intended to provide the Company additional flexibility to finance
future business opportunities through timely and cost-effective access
to capital markets. Under the shelf registration statement, once
declared effective by the SEC, Cohu may from time to time issue various
types of securities, including common stock, preferred stock, debt
securities and/or warrants, up to an aggregate amount of $150 million.
The Company has no current plans to issue securities under the
registration statement.
The shelf registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These securities
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any jurisdiction in which
an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction. Any
offering of the securities covered under the shelf registration
statement will be made solely by means of a prospectus and an
accompanying prospectus supplement relating to that offering. A copy of
the prospectus included in the registration statement may be obtained on
the SEC’s website at www.sec.gov.
After the shelf registration statement becomes effective, Cohu may offer
and sell securities covered by the registration statement through one or
more methods of distribution, subject to market conditions and Cohu’s
capital needs. The terms of any offering under the shelf registration
statement will be established at the time of such offering and will be
described in a prospectus supplement filed with the SEC prior to
completion of the offering.
Forward Looking Statements:
Statements in this press release that are not strictly historical in
nature are forward-looking statements within the meaning of the federal
securities laws, including statements regarding additional flexibility
to finance future business opportunities through timely and
cost-effective access to capital markets. These forward-looking
statements are based on current information and expectations that are
inherently subject to change and involve a number of risks and
uncertainties. Actual events or results might differ materially from
those in any forward-looking statement due to various factors,
including, but not limited to: statements regarding the Company’s plans
for raising and using additional capital and the impact of the filing of
a Form S-3 shelf registration statement on the Company’s financial
flexibility and access to capital markets. Additional information
concerning factors that could cause actual events or results to differ
materially from those in any forward-looking statement is contained in
the company’s Form 10-K for the fiscal year ended December 26, 2015, as
filed with the SEC, and subsequent SEC filings, including the company’s
Quarterly Reports on Forms 10-Q. Copies of the company’s SEC filings are
available at http://www.cohu.com/investorinformation
and the company assumes no obligation to update the information in this
press release, to revise any forward-looking statements or to update the
reasons actual results could differ materially from those anticipated in
forward-looking statements.
About Cohu:
Cohu is a leading supplier of semiconductor test and inspection
handlers, micro-electro mechanical system (MEMS) test modules, test
contactors and thermal sub-systems used by global semiconductor
manufacturers and test subcontractors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170103006298/en/
Source: Cohu, Inc.
Cohu, Inc.
Jeffrey D. Jones, Investor Relations
858-848-8106