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SMTC Files for $50 Mln Mixed Securities Shelf Offering; Sheds 1% Pre-Bell

3:52AM ET 3/19/2019 MT Newswires
SMTC (SMTX), provider of end-to-end electronics manufacturing services, has filed a registration statement with the Securities and Exchange Commission to issue common shares, preferred shares, warrants, subscription rights, and units totaling $50 million.

The company said it plans to use the proceeds for working capital, general corporate purposes, and investment in new technologies.

The shares were about 1% lower in the pre-market session on Tuesday.

Price: 4.4100, Change: -0.0900, Percent Change: -2.22