COLORADO SPRINGS, Colo.-- Ramtron International Corp. here announced that on Monday it raised approximately $5.4 million in a private placement of its common stock and warrants.
In the private placement, investors purchased approximately 953,000 units consisting of one share of Ramtron common stock and two warrants to purchase common stock. The first warrant allows for the purchase of one share of common stock at $10.80, and the second for $16.20. Both warrants expire in two years.
Ramtron plans to use the proceeds to fund working capital and for general corporate purposes, including continued R&D, manufacturing and marketing of its ferroelectric random access memory (FRAM) and enhanced dynamic random access memory (EDRAM) technologies.