Cooley advised Everspin Technologies, Inc. on its $40 million initial public offering of 5,000,000 shares of common stock. The underwriters have a 30-day option to purchase an additional 750,000 shares. Partners Matthew Hemington and Brett White led the Cooley team advising Everspin Technologies.
Stifel, Nicolaus & Company and Needham acted as joint book-running managers for the offering. Canaccord Geunity and Craig-Hallum Capital acted as co-managers.
Everspin Technologies is the only provider of commercially available MRAM solutions for industrial, automotive and transportation, and enterprise storage markets to design high performance, power efficient systems without the need for bulky batteries or capacitors. The company’s shares now trade on the Nasdaq Global Market under the symbol “MRAM.”