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An announcement from Alphawave IP Group ( (GB:AWE) ) is now available.
Alphawave IP Group has announced a proposed offering of approximately $150 million in senior unsecured convertible bonds due 2030, aimed at institutional investors. The proceeds are intended to finance the company’s growth plans, including research and development, capital expenditures, and potentially debt repayment. This move is part of Alphawave’s strategy to scale up its operations, following a year of significant bookings. The company expects to maintain its performance within guidance as it approaches the end of 2024, with a focus on achieving its revenue targets through timely project completions and licensing agreements.
More about Alphawave IP Group
Alphawave IP Group, also known as Alphawave Semi, is a global leader in high-speed connectivity for data center infrastructure. The company focuses on enabling faster, more reliable, and higher-performance data transmission with lower power usage. Their technology services critical sectors such as data centers, computing, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017, Alphawave Semi is a vertically integrated semiconductor company with a strong track record in licensing semiconductor IP.
YTD Price Performance: 9.01%
Average Trading Volume: 1,413,435
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.05B
See more insights into AWE stock on TipRanks’ Stock Analysis page.