SkyWater to IPO

SkyWater to IPO

The DOD’s investment in SkyWater was made under the Trusted and Assured Microelectronics (T&AM) program which is developing enhanced sources of microelectronics for the Department’s unique needs.

SkyWater’s foundry is an old Cypress fab in Minnesota,

The T&AM program seeks to collaborate with industry and key laboratory partners to provide sustainable, assured technology solutions for national security and defense.

Yesterday SkyWater said it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. SkyWater technology has applied to list its common stock on the Nasdaq Capital Market under the ticker symbol “SKYT.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388, or by email at Prospectus_Department@Jeffries.com; and Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by phone at (833) 297-2926, or by email at PostSaleManualRequests@broadridge.com.

Author: William