Ultra Clean Holdings, Inc. entered into a sales agreement to establish an at-the-market (ATM) equity offering program. This allows the company to offer and sell shares of its common stock with an aggregate offering price of up to $400 million from time to time at its discretion.
Key Details
- Program Size: The company may sell up to $400 million of its common stock.
- Sales Agents & Commission: The offering will be managed by UBS Securities LLC, Barclays Capital Inc., Craig-Hallum Capital Group LLC, and Oppenheimer & Co. Inc. The agents will receive a commission of up to 3.0% of the gross proceeds.
- Offering Structure: Sales will be made from time to time based on the company's instructions. The company has no obligation to sell any shares and can suspend the offering at any time.