TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

CEVA ANNOUNCES THE PRICING OF UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK

Benzinga Logo Benzinga By Prnewswire
CEVA ANNOUNCES THE PRICING OF UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK

Ceva, Inc. announced a public offering of 3,000,000 shares at $19.50 per share, expecting to raise approximately $58.5 million to fund potential acquisitions, investments, and general corporate purposes.

Insights
CEVA   neutral

The company is raising capital through a standard public stock offering to increase financial flexibility and fund potential strategic investments, which suggests a proactive but not overtly positive or negative business strategy