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Amkor Technology Announces Pricing of Secondary Offering of 10 million Shares of Common Stock by the Kim Family

AMKR
  • Amkor Technology announced the pricing of a secondary public offering of 10,000,000 common stock shares sold by 915 Investments, LP at $48.75 per share.
  • The selling stockholder is an investment vehicle for the Kim Family & Susan Y. Kim, who serves as Chairman of the Board.
  • The underwriter holds a 30-day option to purchase an additional 1,500,000 shares.
  • All shares are sold by the selling stockholder; Amkor receives no proceeds from the transaction.
  • Following the offering, the Kim Family will retain ownership of over 49% of Amkor's common stock.
  • The selling stockholder agreed to an 180-day lock-up agreement prohibiting sales of remaining shares, subject to exceptions.
  • Amkor agreed to a 75-day clear market provision restricting the company from offering or selling shares, subject to exceptions.
  • Goldman Sachs & Co. LLC serves as the sole bookrunning manager for the offering.
  • A shelf registration statement including a prospectus & preliminary prospectus supplement has been filed with the SEC.
  • Amkor is the world's largest U.S.-headquartered OSAT provider with a portfolio covering advanced packaging, wafer-level processing, & system-in-package solutions.