Atomera Incorporated (NASDAQ:ATOM) shares dropped 15% on Monday after the company disclosed plans for a $25 million registered direct offering of common stock.
The semiconductor materials and technology licensing firm said it has entered into a securities purchase agreement with institutional investors to sell 5,000,000 shares priced at $5.00 each. The transaction is expected to close on or around February 24, 2026, pending customary closing conditions.
Craig-Hallum is serving as the sole placement agent for the offering.
Atomera said it plans to allocate the net proceeds — after placement agent fees and related offering expenses — toward working capital needs and general corporate purposes.