COLORADO SPRINGS, Colo., Dec 15, 1999 (BUSINESS WIRE) -- Ramtron
International Corporation (Nasdaq:RMTR) announced today that on
December 13, 1999 it raised approximately $5.4 million in a private
placement of its common stock and warrants. In the private placement,
investors purchased approximately 953,000 units consisting of one share
of Ramtron common stock and two warrants to purchase common stock. The
first warrant allows for the purchase of one share of common stock at
$10.80, and the second warrant allows for the purchase of one share of
common stock at $16.20. Both warrants expire in two years.
Ramtron plans to use the net proceeds of the equity placement to fund
working capital and for general corporate purposes, including continued
research and development, manufacturing and marketing of its
ferroelectric random access memory (FRAM(R)) and enhanced dynamic
random access memory (EDRAM(R)) technologies.
For more information about Ramtron and its products, contact:
Communications Department, Ramtron International Corporation, 1850
Ramtron Drive, Colorado Springs, Colorado, USA, 80921. Telephone is
800-545-FRAM (3726); FAX is 719-481-9294; E-mail address is
info@ramtron.com. Homepage is ramtron.com.
Note to Editors: "FRAM" and "EDRAM" are registered trademarks of
Ramtron International Corporation.
Copyright (C) 1999 Business Wire. All rights reserved.
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