Market Overview

nLIGHT, Inc. Launches Follow-On Offering

Share:

VANCOUVER, Wash., Sept. 04, 2018 (GLOBE NEWSWIRE) -- nLIGHT, Inc. (NASDAQ:LASR) today announced the launch of a proposed follow-on public offering of 4,500,000 shares of its common stock, which will include 3,654,763 shares to be offered by certain selling stockholders and 845,237 shares to be offered by nLIGHT. nLIGHT will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, nLIGHT expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of its common stock.  nLIGHT intends to use the net proceeds from the proposed offering for working capital, capital expenditures and other general corporate purposes.

Stifel and Raymond James are acting as lead book-running managers for the proposed offering. Needham & Company, Canaccord Genuity and D.A. Davidson & Co. are acting as co-managers for the proposed offering.

In connection with the offering, Stifel and Raymond James, on behalf of the underwriters for nLIGHT's initial public offering, have agreed to release the restrictions under the lock-up agreements entered into in connection with the initial public offering with respect to 3,654,763 shares to be sold by the selling stockholders in the offering, including shares to be sold by certain of nLIGHT's executive officers and funds affiliated with certain of nLIGHT's directors.  The release will take effect concurrently with the offering.  The lock-up restrictions on the remaining shares under the lock-up agreements entered into in nLIGHT's initial public offering shall otherwise remain in full force and effect and the selling stockholders have agreed to additional lock-up agreements in connection with the proposed offering.

The proposed offering will be made only by means of a prospectus filed as part of a registration statement filed with the Securities and Exchange Commission of Form S-1. Copies of the preliminary prospectus, when available, may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at 415-364-2720 or by email at syndprospectus@stifel.com, or by contacting Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, by telephone at 800-248-8863 or by email at prospectus@raymondjames.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About nLIGHT, Inc.

nLIGHT, Inc. is a leading provider of high‑power semiconductor and fiber lasers used in a variety of end applications in the industrial, microfabrication, and aerospace and defense markets.

Forward-Looking Statements

This press release contains, and oral statements made from time to time by nLIGHT's representatives may contain, "forward-looking statements." Forward-looking statements include statements regarding the proposed public offering and other references to future periods. Forward-looking statements are based on nLIGHT's current expectations and assumptions regarding capital market conditions, nLIGHT's business, the economy and other future conditions. Because forward-looking statements relate to the future, they are, by their nature, subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, nLIGHT's actual results may differ materially from those contemplated by the forward-looking statements. Any forward-looking statement made in this press release speaks only as of the date on which it is made. nLIGHT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

For more information contact:
Jason Willey
Investor Relations and Corporate Development
nLIGHT, Inc.
(360) 567-4890
jason.willey@nlight.net

nLIGHT Logo - JPEG.jpg

View Comments and Join the Discussion!