SAN DIEGO, Jan. 8, 2008 (PRIME NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR) today announced that the underwriters of its initial public offering of 8,000,000 shares of common stock have exercised in full their over-allotment option, purchasing an additional 1,200,000 shares of common stock from certain selling stockholders. Including the over-allotment shares purchased today, the offering totaled 9,200,000 shares of common stock at the public offering price of $6.00 per share (before underwriting discounts and commissions).
Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. were the Joint Bookrunning Managers for the offering with Thomas Weisel Partners LLC, JMP Securities LLC and ThinkEquity Partners LLC serving as co-managers. A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering will be made only by means of the written prospectus forming part of the effective registration statement. A copy of the final prospectus related to the offering may be obtained by contacting:
Credit Suisse Securities (USA) LLC Attention: Prospectus Department One Madison Avenue New York, New York 10010 Telephone: 1-800 221 1037 Lehman Brothers Inc. Attention: Prospectus Department c/o Broadridge Integrated Distribution Services 1155 Long Island Avenue Edgewood, NY 11717 Telephone: 1-888-603-5847
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.
About Entropic Communications
Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company's technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home.
The Entropic Communications logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4255