Sunnyvale, CA (June 28, 2001) – Monolithic System Technology, Inc. (“MoSys”) announced today the initial public offering of 5,000,000 shares of its Common Stock at a price of $10.00 per share.
All 5,000,000 shares are being offered and sold by MoSys. The offering is being co-managed by an underwriting group including A.G. Edwards & Sons, Inc. and Needham & Company, Inc. The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any.
If the underwriters exercise their over-allotment option in full, MoSys will receive approximately $51,975,000 in net proceeds. The Company’s common stock will be trading on the NASDAQ under the ticker symbol “MOSY”.
Copies of the final prospectus relating to these securities may be obtained from: A.G. Edwards & Sons, Inc., One North Jefferson, St. Louis, Missouri 93103, (314) 955-3000; or Needham & Company, Inc., 3000 Sand Hill Road, Building 2, Suite 190, Menlo Park, California 94025, (650) 854-9111.
MoSys designs, develops, licenses and markets memory technologies used by the semiconductor industry and electronic product manufacturers.
MoSys has developed a patented semiconductor memory technology, called 1T-SRAM, that offers a combination of high density, low power consumption, high speed and low cost that other available memory technologies do not match.
Monolithic System Technology, Inc. is headquartered at 1020 Stewart Drive, Sunnyvale, California 94085, Phone: (408) 731-1800.
Note for Editors:
1T-SRAM is a trademark of Monolithic System Technology, Inc.