LOS GATOS, Calif., Oct. 15, 2018 (GLOBE NEWSWIRE) — Atomera Incorporated (Nasdaq: ATOM) today announced the closing of its previously announced underwritten public offering of 2,625,000 shares of common stock at a public offering price of $4.75 per share.  Atomera has also granted the underwriters a 30-day option to purchase up to an additional 393,750 shares of its common stock, to cover over allotments, if any.

Atomera received total net proceeds from this offering of approximately $11.5 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Atomera. Atomera intends to use the net proceeds from the offering for working capital and general corporate purposes, which could include capital and/or operating expenditures related to epitaxial deposition tools it may acquire or lease; metrology costs for wafers built for internal R&D and customer evaluations; and increased engineering personnel supporting MST development and customer integration.

Roth Capital Partners acted as sole book-running manager for the offering.  National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (Nasdaq: NHLD), acted as a co-manager in connection with the offering.

Loop Capital Markets LLC served as Financial Advisor to Atomera in connection with this offering.

There shares were issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (SEC).  This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

A final prospectus supplement has been filed with the SEC.  Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering may be obtained from Roth Capital Partners, LLC. 888 San Clemente Drive, Newport Beach, CA 92660, Attention: Prospectus Department, by telephone at (800) 678-9147 or by email at rothecm@roth.com.  Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the SEC’s website at http://www.sec.gov.

Safe Harbor

This press release contains forward-looking statements regarding the public offering and the intended use of proceeds from the offering.  Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including those risks disclosed in under the caption “Risk Factors” in the final prospectus supplement related to the offering.  Atomera cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Investor Contact:
Bishop IR
Mike Bishop
(415) 894-9633