Atomera Incorporated (NASDAQ:ATOM) experienced a 15% decline in its share price on Monday following the company’s disclosure of a registered direct offering intended to raise approximately $25 million.
Under the terms detailed by the company, a securities purchase agreement has been executed with institutional investors for the sale of 5,000,000 shares at a price of $5.00 per share. The firm stated the offering is expected to close on or about February 24, 2026, and that the completion is contingent upon customary closing conditions.
Investment bank Craig-Hallum is serving as the sole placement agent for the transaction.
Atomera indicated that, after payment of placement agent fees and other offering-related expenses, the net proceeds will be allocated to working capital and general corporate purposes.
Transaction details
- Offering type: Registered direct offering of common stock.
- Shares to be sold: 5,000,000.
- Price per share: $5.00.
- Gross proceeds: $25,000,000 (before fees and expenses).
- Expected close: On or about February 24, 2026, subject to customary closing conditions.
- Placement agent: Craig-Hallum (sole placement agent).
Context and company statement
Atomera described the intended use of proceeds as funding for working capital needs and for general corporate purposes. The company noted that these allocations will be determined after deduction of placement agent fees and other expenses related to the offering.
Details provided by the company identify institutional investors as the purchasers under the securities purchase agreement; no additional parties or specific investor identities were disclosed in the announcement.
Market reaction
Following the announcement of the offering, Atomera’s shares fell 15% on Monday. The company’s announcement and the market’s response were limited to the specifics of the offering and the intended use of proceeds as stated above.
Key takeaways
- Atomera has agreed to sell 5,000,000 shares at $5.00 per share in a registered direct offering to institutional investors, targeting roughly $25 million in gross proceeds.
- The offering is scheduled to close on or about February 24, 2026, and remains subject to customary closing conditions.
- Craig-Hallum is acting as the sole placement agent, and net proceeds are to be used for working capital and general corporate purposes.