Tower expands equity placement, raises $11M

November 27, 2006 – Tower Semiconductor Ltd. says it has expanded its previously announcd equity private placement of $10.3 million, and raised an additional $11 million in immediate gros proceeds from Israeli investors.

The company says it sold a total of 5.8 million shares and 2.32 million warrants for shares in this private placement, including overallotments. The orders represent <3% of Tower's total shares outstanding.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.