Neophotonics Corp. (NPTN)

[mlkrborn]

NPTN $5.15 WITH CAPITAL INJECTION FROM OVERSEAS INVESTORS; "NeoPhotonics receives ~$39.8 mln investment from RUSNANO: 4.97 mln newly-issued common shares at $8.00 per share (NPTN) 4.49 : Co announced that it has received an investment from RUSNANO, a $10 bln sovereign investment corporation located in Moscow, Russia. RUSNANO acquired 4.97 mln newly-issued common shares of NeoPhotonics Corporation in a private placement transaction at a price of $8.00 per share for gross proceeds of $39.8 million. The Company's per share closing trading price on April 27, 2012, was $4.49. The shares are restricted from resale pursuant to a lockup agreement for up to two years, at the end of which the Company is obligated to register the shares for potential resale. In connection with the investment, the Company appointed Sergey Polikarpov, RUSNANO Managing Director, to the board of directors. NeoPhotonics intends to use a portion of the net proceeds from the sale of the shares of common stock for general corporate purposes as well as to establish design and production capabilities in Russia for the benefit of the global organization. The expansion in Russia is targeted for completion by July 31, 2014, and is not expected to have a material impact on the Company's results of operations in 2012."