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ACM Research Shanghai Receives CSRC Approval For Up To ~$625M Private Share Offering Within 12 Months

Author: Benzinga Newsdesk | June 30, 2025 04:11pm

On June 28, 2025, ACM Research (Shanghai), Inc. ("ACM Shanghai"), the operating subsidiary of ACM Research, Inc. ("ACM"), announced that it received registration approval from the China Securities Regulatory Commission (the "CSRC") for its proposed private offering of ordinary shares to qualified buyers (the "Private Offering").

The approval permits ACM Shanghai to proceed with the Private Offering within 12 months from the date of approval. As previously disclosed by ACM on January 25, 2024, the proposed Private Offering is for up to 10% of ACM Shanghai's share capital prior to the offering. Based on ACM Shanghai's latest share capital, the number of shares to be offered has been updated to reflect the recent exercise of employee stock options. The Private Offering now provides for the issuance of up to 44.1 million ordinary shares, with expected gross proceeds of up to RMB 4.5 billion (approximately $625 million).

Posted In: ACMR

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