Feeds

ATI files to sell up to $500m of stock

How much, when and what it can't yet say

  • alert
  • submit to reddit

ATI is getting ready to sell up to $500 million worth of shares sometime in the next two years.

The graphics chip maker today said it had filed a preliminary sales prospectus with both US and Canadian financial regulators.

The filing register's the company's plan to offer (perhaps) a variety of different securities or combinations of them, at any time in the next 25 months. The goal: to provide the company "with the ability to quickly take advantage of cost-effective financing opportunities".

If it wants to go ahead, ATI will have to file a final shelf prospectus, outlining what it's selling and how much of it the company plans to offer. "The nature, size and timing of any financings under the final shelf prospectus will be dependent upon ATI's assessment of its requirements for funding and general market conditions," the company said. ®

Related Story

ATI Q4 market share beats Nvidia - just

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.