Exhibit 99.1
MoSys Announces Pricing of $1.9 Million Financing
San Jose, Calif. – April 17, 2020 –MoSys, Inc., (NASDAQ: MOSY), a provider of high-speed semiconductor solutions, today announced that it has entered into securities purchase agreements with certain institutional investors providing for the purchase and sale of 1,218,000 shares of common stock at a price of $1.56 per share in a registered direct offering.
The offering is expected to close on or about April 21, 2020, subject to satisfaction of customary closing conditions. Net proceeds of the offering, after placement agent and other fees and estimated expenses payable by MoSys are expected to be approximately $1.7 million. MoSys intends to use the proceeds for working capital and general corporate purposes.
Roth Capital Partners acted as sole agent in connection with the offering.
The shares of common stock were offered pursuant to a shelf registration statement on FormS-3 (File No. 333- 221011), which was declared effective by the United States Securities and Exchange Commission (SEC) on October 26, 2017.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the shares of common stock will be filed by MoSys with the SEC. When available, copies of the prospectus supplement, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800)678-9147.
