SkyWater Technology Announces Pricing of Upsized Initial Public Offering of Common Stock News provided by Share this article Share this article BLOOMINGTON, Minn., April 20, 2021 /PRNewswire/ -- SkyWater Technology (NASDAQ: SKYT) today announced the upsizing and pricing of its previously announced initial public offering. SkyWater will sell 6,960,000 shares of its common stock at a price to the public of $14.00 per share. In addition, SkyWater has granted the underwriters a 30-day option to purchase up to 1,044,000 additional shares of common stock. The shares are expected to begin trading on the NASDAQ Capital Market on April 21, 2021 under the symbol "SKYT." SkyWater intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include financing SkyWater's growth and funding capital expenditures. SkyWater may use a portion of the proceeds from the offering for acquisitions or strategic investments in businesses or technologies, although SkyWater does not currently have any plans or commitments for any such acquisitions or investments.