Impinj, Inc. Announces Pricing of Follow-On Public Offering
December 1, 2016 - Seattle, WA
Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of solutions for identifying, locating and authenticating everyday items using RAIN RFID, today announced the pricing of its follow-on public offering of 3,515,869 shares of common stock at a price to the public of $27.00 per share. The number of shares sold in this offering include 1,000,000 shares offered by Impinj and 2,515,869 shares offered by certain selling stockholders. Impinj will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, Impinj has granted the underwriters a 30-day option to purchase up to an additional 527,380 shares of common stock from Impinj at the public offering price.
Morgan Stanley, RBC Capital Markets, Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray are acting as joint book-running managers for the offering. Needham & Company is acting as lead manager and Canaccord Genuity is acting as co-manager.
The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to [email protected], or by telephone at (877) 822-4089; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Minneapolis, MN 55402, or by email to [email protected], or by telephone at (800) 747-3924.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on December 1, 2016. Copies of the registration statement, as amended, can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Impinj, Inc. (NASDAQ: PI) wirelessly connects billions of everyday items such as apparel, medical supplies, automobile parts, luggage and food to consumer and business applications such as inventory management, patient safety, asset tracking and item authentication. The Impinj platform uses RAIN RFID to deliver timely information about these items to the digital world, thereby enabling the Internet of Things.