PDFS · PDF Solutions, Inc.

PDF Solutions, Inc. completed a public offering of its common stock, raising approximately $85.7 million in gross proceeds for the company. The offering consisted of 1,946,630 shares issued by the company (including 685,246 shares from the full exercise of the underwriters' option) and 3,306,924 shares sold by the selling stockholder, Advantest America, Inc., at $44.00 per share. The company did not receive any proceeds from the selling stockholder's shares. The offering was conducted under an effective shelf registration statement (Form S-3, No. 333-295834) and closed on May 15, 2026. The underwriting agreement with Morgan Stanley & Co. LLC includes standard representations, warranties, and indemnification provisions. This capital raise strengthens the company's balance sheet and provides additional financial flexibility for strategic initiatives.