Adept Technology, Inc. (ADEP) said Friday that it has agreed to sell 800,000 shares of its common stock in a public offering at a price of $4.00 per share.
The company has granted the underwriter a 30-day option to purchase up to 120,000 additional shares of common stock to cover over-allotments, if any.
The offering is expected to close on or about June 13.
Adept plans to use the net proceeds from the offering for general corporate purposes, which may include, among other things, repayment of debt, capital expenditures, increasing its working capital, and the financing of ongoing operating expenses and overhead. Pending the application of the net proceeds, Adept may invest the proceeds in marketable securities and short-term investments.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.