Benzinga | Jun 7, 2021 08:38AM EDT

MoSys, Inc. Announces $13M Registered Direct Offering Priced At $7.15

MoSys, Inc. (NASDAQ:MOSY) a provider of both semiconductor and IP solutions that enable fast, intelligent data access for Cloud, networking, security and communications systems, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 1,818,181 shares of its common stock at a price of $7.15 per share for gross proceeds of approximately $13 million in a registered direct offering priced at-the-market under Nasdaq rules. MoSys intends to use the proceeds for working capital and general corporate purposes. The offering is expected to close on or about June 9, 2021, subject to the satisfaction of customary closing conditions.