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Universal Display Completes Offering of 5.75 Million Shares

Net proceeds from this offering, before offering expenses, are $249.9 million

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Universal Display Corporation announced the completion of its public offering of 5,750,000 shares of its common stock at $46.00 per share. This includes 750,000 shares issued pursuant to the exercise in full by the underwriters of an option to purchase additional shares to cover over-allotments.

The net proceeds from this offering, before offering expenses, are $249,952,500, reflecting the exercise of the over-allotment option. The proceeds of the offering will be used for general corporate purposes, including the acquisition, development and license of properties, assets, entities or technologies.

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