Fenwick & West represented Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors for the IoT era, in its underwritten public offering of 6,700,000 shares of its common stock at a public offering price of $6.00 per share, with expected gross proceeds of $40.2 million. As part of the offering, Adesto granted underwriters a 30-day option to purchase up to 1,005,000 additional shares at the public offering price, less underwriting discounts and commissions.
Cowen, Needham & Company, Canaccord Genuity and Roth Capital Partners acted as joint book running managers for the offering. The Benchmark Company acted as co-manager for the offering.
The Fenwick transaction team included corporate lawyers Mark Leahy, Bill Hughes, Niki Fang, Willow Yang and Lisa Richards.