OCZ Technology Group, Inc.

Company Name:
OCZ Technology Group, Inc. 
Enterprise Infrastructure 
Transaction Type:
Follow-on Offering 
Ticker Symbol:
Deal Amount:
Transaction Date:
Transaction Summary:
OCZ Technology Group, Inc. raised $124.2 million in its follow-on offering at $9.00 per share. Needham acted as a co-manager on the transaction. The Company‚Äôs underwriters fully exercised their option to purchase an additional 1,800,000 shares of common stock at the follow-on offering price to cover over-allotments. OCZ Technology Group, Inc. intends to use the net proceeds from the offering for general corporate purposes, including the repayment of outstanding borrowings under its agreement with Silicon Valley Bank for asset-based financing. 
Company Description:
OCZ Technology Group, Inc. (NASDAQ: OCZ) is a leader in the design, manufacturing, and distribution of high performance and reliable solid-state drives (SSDs). OCZ has built on its expertise in high-speed memory to become a leader in the SSD market, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products.  
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