SkyWater Technology announces public offering of 1.67M shares at $9.00 per share, expects net proceeds of ~$13.7M

SkyWater Technology, Inc

Entered underwriting agreement with Needham & Co. to sell 1,666,667 shares of common stock at $9.00 per share.
Underwriter has a 30-day option to purchase up to an additional 250,000 shares at the same price.
Closing expected on or about Nov 17, 2022; net proceeds estimated at ~$13.7M after discounts and expenses.
Proceeds to be used for general corporate purposes, including working capital and capital expenditures.

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