Clearwire (CLWR) disclosed that it raised $290.8 million via a rights offering which expired at 5 p.m. yesterday.
The WiMax service company had issued rights to purchase 93.9 million shares – including 44.7 million shares issued to holders who agreed not to exercise of transfer their rights. Under the offering, the [...]

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AutoNavi is a Beijing-based company that provides digital map content and navigation in Chine. It’s one of around two dozen technology and map suppliers to Bing Maps. On Wedenesday, AutoNavi filed an F-1 form with the Securities and Exchange Commission, seeking to raise $100 million through an initial public offering of depositary shares.

According to peHUB, the company intends to use the proceeds from the offering to expand its data processing facilities, build a research and development center, fund capital expenditure for its aerial photogrammetry business, and for general corporate purposes. AutoNavi plans to trade on the Nasdaq under the symbol AMAP. The IPO wil be underwritten by Goldman Sachs (Asia), Oppenheimer, and Pacific Crest Securities. Existing AutoNavi shareholder investors include Sequoia Capital, Kleiner Perkins Caufield & Byers, and Walden International.

Companies: AutoNavi

Article courtesy of VentureBeat » Deals & More

FSI International (FSII) this morning said it priced an offering of 5.4 million common shares at $3.05 apiece. The semiconductor equipment company granted underwriters the right to buy up to 810,000 more shares to cover over-allotments.
FSI intends to use proceeds for general corporate purposes and working capital.
While the offering comes [...]

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One interesting aspect to to the $5.70-a-share bid by Hewlett-Packard (HPQ) for Palm (PALM) is that Palm shares after hours traded beyond the offering price, closing the late session at $5.83, up $1.20, or $25.92.
The most obvious explanation for this is simply that some investors thing there could be a [...]

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As expected, NXP Semiconductors on Friday filed to sell up to $1.15 billion of stock in an IPO. The Wall Street Journal notes that the offering is the largest deal filed with the SEC since July. The Dutch-based chip company was acquired in 2006 by a group of private equity firms, including KKR and Bain Catpial.

The company plans to use proceeds of the deal to repay long-term debt. The filing does not indicate if the investment firms intend to sell any share in the offering.

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Netlist (NLST) this afternoon said it plans to sell up to 3 million common shares in an underwritten offering pursuant to a previous shelf filing. Before the offering, the company has 19.9 million shares outstanding.

NLST in late trading is down 33 cents, or 7.8%, to $3.90.

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Trina Solar (TSL) this afternoon filed with the SEC for an offering of 7.9 million American Depositary shares; the company intends to grant underwriters an option to sell another 1,185,000 shares to cover over-allotments.

The company intends to use proceeds to expand manufacturing facilities for production of solar cells and modules, for R&D, for downstream projects and for general corporate purposes.

With the offering triggering worries about dilution, TSL in late trading is down $1.01, or 4.4%, to $22.07.

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Finisar (FNSR) this afternoon said it filed to sell 7.2 million common shares. The optical networking products company said the offering provides for an over-allotment option of 1,080,000 shares, including 148,907 from selling holders.

In an SEC filing, the company said a portion of the proceeds could be used for repayment of outstanding debt or for acquisitions, and for working capital.

FNSR in late trading is down 31 cents, or 2.1%, to $14.50.

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After the close Friday, Sirius XM (SIRI) announced the pricing of an offering of $800 million of senior notes due 2015, bearing interest at 8.75% a year. The notes were priced at par.

Sirius will use the proceeds to redeem its 9.625% senior notes due 2013, to prepay in full all of the borrowings under its senior secure term loan that matures in 2012, and to pay fees related to the offering. Any remaining proceeds would be used for general corporate purposes.

The offering was expanded from an originally planned $550 million.

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