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

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.