A Caliornia maker of semiconductor manufacturing equipment is offering new shares that will raise $20.6 million, part of which will pay for assets from Middlefield technology firm Zygo Corp.
Nanometrics Inc., based in Milpitas, Calif., said it has priced the shares at $11 each, which is a 2 percent discount to the stock’s previous close at $10.81.
Shares dropped this morning 34 cents, or  3.2 percent, to  $10.47.
The company expects to close the offering on or about Tuesday.
It plans to use $2 million of the proceeds to pay obligations related to acquiring assets from Zygo, which makes optical components and fiber optic network equipment. The rest will go toward general corporate purposes, the company said.
The Milpitas, Calif., company, which makes semiconductor manufacturing equipment, is offering roughly 2 million new shares. In addition, founder Vincent Coates is selling 675,000 at the same price. (AP)
