Veeco Instruments Inc. (VECO) said it priced the offering of 5 million shares of its common stock has priced at $23.75 per share, for gross proceeds of $118.8 million. Veeco intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions.
The offering includes a 30-day option for the underwriters to purchase up to 750 thousand additional shares to cover overallotments, if any.
Veeco is conducting the offering pursuant to an effective registration statement under the Securities act of 1933. The offering is expected to be completed on November 3, subject to customary closing conditions.
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