BUZZ-Chip designer Ambiq Micro slips as it eyes equity raise

Ambiq Micro, Inc.

Ambiq Micro, Inc.

AMBQ

0.00

** Chip designer Ambiq Micro's AMBQ.N shares fall 4.8% to $86.13

** AMBQ files for public offering of 1.8 million shares

** Proceeds to be used for general purposes, including sales and marketing activities and product development

** Austin, Texas-based AMBQ had previously tapped equity capital markets in January

** AMBQ had 21.4 million outstanding shares as of March 31

** BofA Securities, UBS Investment Bank, Needham, Stifel, and Roth Capital Partners underwriters for offering

** AMBQ went public in New York last year after IPO priced at $24 apiece

** Three of four brokerages rate the stock "buy" or higher and one "hold"; median PT $70 - data compiled by LSEG

** As of last close, AMBQ stock up 217.5% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.