Atomera stock price plummeted due to the $25 million direct offering announcement

LootboxPhobia · 2026-02-23T13:23:37+00:00

Atomera Incorporated stock price drops 15% after announcing a direct offering of $25 million common shares at $5.00 per share, expected to settle on February 24, 2026. The net proceeds will be used for working capital and corporate purposes.

LootboxPhobia

2026-02-23 13:23:37

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Investing.com – Atomera Incorporated (NASDAQ: ATOM) stock fell 15% on Monday after the company announced a registered direct offering of $25 million in common stock.

The semiconductor materials and technology licensing company has entered into a securities purchase agreement with institutional investors to sell 5,000,000 shares at $5.00 per share. The offering is expected to settle around February 24, 2026, subject to customary closing conditions.

Craig-Hallum served as the exclusive placement agent for the offering.

Atomera stated that, after deducting placement agent fees and other offering expenses, the company intends to use the net proceeds from the offering for working capital and general corporate purposes.

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