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FSI International, Inc. Announces Closing of Public Offering of its Common Stock

^{Published on 2010-06-14 08:50:22 - Market Wire}
 

MINNEAPOLIS--([ BUSINESS WIRE ])--FSI International, Inc. (Nasdaq: FSII), a manufacturer of capital equipment for the microelectronics industry, today announced the closing of its previously announced underwritten public offering of common stock at a public offering price of $3.05 per share. The underwriters exercised, in full, their option to purchase up to an additional 810,000 shares to cover over-allotments, resulting in a total sale of 6,210,000 shares of the Companya™s common stock. Net proceeds from the sale of the shares, after underwriting discounts and commissions and other offering expenses, are approximately $17.6 million. The Company intends to use the net proceeds from this offering for general corporate and working capital purposes. Craig-Hallum Capital Group acted as the sole book-running manager for the offering and Dougherty & Company served as the co-manager.

The shares were issued pursuant to a shelf registration statement that was previously filed with the Securities and Exchange Commission (the aSECa) and was declared effective on April 12, 2010. A copy of the prospectus supplement and accompanying prospectus related to the offering were filed with the SEC and are available on the SECa™s website, [ www.sec.gov ]. The prospectus supplement and accompanying base prospectus may also be obtained from Craig-Hallum Capital Group LLC, 22 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402 or by calling 612-334-6300.

This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any security of the Company, nor will there be any sale of such security in any state or jurisdiction in which such offer, sale or solicitation would be unlawful. The offering may be made only by means of a prospectus supplement and the accompanying base prospectus or by a free writing prospectus in accordance with the rules and regulations of the SEC.

About FSI

FSI International, Inc. is a global supplier of surface conditioning equipment, technology and support services for microelectronics manufacturing. For more information, visit FSIa™s website at [ http://www.fsi-intl.com ], or call Benno Sand, 952.448.8936.