Credo Technology closes public offering of 11.5M shares at $17.50; underwriters exercise full over-allotment

Credo Technology Group Holding Ltd

Closed public offering of ordinary shares on Dec 8, 2023, including full exercise of underwriters' over-allotment option.
Company sold 10,440,000 shares (8,940,000 + 1,500,000) and selling shareholders sold 1,060,000 shares, all at $17.50 per share.
Total gross proceeds to company approximately $182.7 million; net proceeds and use not specified in filing.
Underwriters' option for up to 1.5M additional shares was exercised in full; offering size increased by 15%.
Offering priced at $17.50 per share; stock trades on Nasdaq under ticker CRDO.

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