Mattson Technology MTSN today announced that it has priced its previously announced underwritten public offering of 6,800,000 shares of its common stock at a price to the public of $1.80 per share. The
offering is expected to close on or about Monday, May 16, 2011, subject to satisfaction of customary closing conditions. Mattson Technology granted the underwriters a 30-day option to purchase at the public offering price up to an additional 1,020,000 shares of its common stock to cover over-allotments, if any. After deducting the
underwriting discount but before deducting estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $11,492,000, assuming no exercise of the over-allotment option.
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