Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire
substrates and products to the LED, semiconductor and optical markets,
today announced the pricing of an underwritten public offering of
2,500,000 shares of its common stock by selling stockholders at a price
to the public of $13.00 per share. The offering is expected to close on
March 24, 2014, subject to satisfaction of customary closing conditions.
In addition, Rubicon has granted the underwriters a 30-day option to
purchase up to an additional 375,000 shares of its common stock to cover
over-allotments, if any.
Canaccord Genuity Inc. is acting as sole book-running manager for the
offering and D.A. Davidson & Co. is acting as co-manager for the
offering. Rubicon will not receive any proceeds from the sale of common
stock by selling stockholders.
The offering is being made pursuant to an effective shelf registration
statement previously filed with the Securities and Exchange Commission
(SEC). A prospectus supplement and accompanying prospectus describing
the terms of the offering will be filed with the SEC. Any offer, if at
all, will be made only by means of a prospectus supplement and
accompanying prospectus forming a part of the effective registration
statement. Before investing, you should read the prospectus supplement
and the accompanying prospectus, and other documents that Rubicon has
filed or will file with the SEC, for more complete information about
Rubicon and this offering. When available, copies of the prospetus
supplement and accompanying prospectus relating to the offering may be
obtained by sending a request to the offices of Canaccord Genuity Inc.,
Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA
02110, or by calling (617) 371-3900. The prospectus supplement and
accompanying prospectus also will be available for free on the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities, nor shall there
be any sale of these securities, in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
About Rubicon Technology, Inc.
Rubicon Technology, Inc. is a vertically integrated advanced electronic
materials provider specializing in monocrystalline sapphire for
applications in light-emitting diodes (LEDs), optical systems and
specialty electronic devices. Rubicon has an unmatched technology
platform and expertise extending from the preparation of raw aluminum
oxide through sapphire crystal growth and fabrication to large-diameter
polished sapphire wafers and patterned sapphire substrates (PSS),
enabling Rubicon to supply custom sapphire products with superior
quality and precision.
This press release contains forward-looking statements within the
meaning of the federal securities laws, including the expected closing
date of the offering. These forward-looking statements are based on
Rubicon's current expectations and beliefs concerning future
developments and their potential effects on Rubicon. There can be no
assurance that future developments affecting Rubicon will be those that
Rubicon has anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond Rubicon's
control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied
by these forward-looking statements. These risks and uncertainties
include, but are not limited to, the risks and uncertainties described
in the section entitled "Risk Factors" in Rubicon's Annual Report on
Form 10-K for the year ended December 31, 2013, in the prospectus
supplement and accompanying prospectus, and in its other filings from
time to time filed with the SEC. Should one or more of these risks or
uncertainties materialize, or should any of Rubicon's assumptions prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. Rubicon undertakes no
obligation to publicly update or revise any forward-looking statements.
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