Adesto Technologies Obtains $25,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62a3f14f-2c92-405e-bbb5-f773a2591661 - Date
10/27/2015 - Company Name
Adesto Technologies - Mailing Address
1250 Borregas Avenue Sunnyvale, CA 94089 USA - Company Description
Adesto Technologies (NASDAQ: IOTS) was founded in 2006 by a team of experienced semiconductor memory developers. The company’s mission is to turn CBRAM technology into a platform of memory solutions that spans from the lowest cost, lowest power embedded chip to the highest performing solid state storage solution. - Website
http://www.adestotech.com - Transaction Type
IPO - Transaction Amount
$25,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The principal purposes of this offering are to obtain additional capital, to create a public market for our common stock and to facilitate our future access to the public equity markets. We expect to use the net proceeds that we receive from this offering for working capital and other general corporate purposes, including research and development activities, sales and marketing activities and capital expenditures, to enhance existing and develop new products and product families, expand our manufacturing capabilities or fund our growth. We may also use a portion of the net proceeds that we receive from this offering for investments in or acquisitions of complementary businesses, products, services, technologies or other assets. We have not entered into any agreements or commitments with respect to any investments or acquisitions at this time. We may also use a portion of the net proceeds we receive from this offering to repay borrowings under our three-year $15.0 million term loan faci - M&A Terms
