Provider of coherent optical interconnect products announces the pricing of an underwritten registered public offering of 4,500,000 shares of its common stock at a price of $23.00 per share.

May 13, 2016

1 Min Read

MAYNARD, Mass. -- Acacia Communications, a leading provider of high-speed coherent optical interconnect products, today announced the pricing of an underwritten registered public offering of 4,500,000 shares of its common stock at a price of $23.00 per share before underwriting discounts and commissions. The underwriters have also been granted a 30-day option to purchase up to an additional 675,000 shares of common stock at the initial public offering price, of which up to 70,184 shares would be purchased from Acacia Communications and up to 604,816 shares would be purchased from certain selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on May 13, 2016 under the ticker symbol "ACIA."

Acacia Communications intends to use proceeds from the offering for working capital and general corporate purposes. Acacia Communications will not receive any of the proceeds from any sale of shares by the selling stockholders.

Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint bookrunners for the offering, and Needham & Company LLC, Cowen and Company, LLC and Northland Securities, Inc. are acting as co-managers.

Acacia Communications Inc.

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