SiTime Corporation Enters At-the-Market Equity Offering Sales Agreement

Details

Under this agreement, SiTime may offer and sell up to 1,200,000 shares of its common stock through Stifel. The agreement allows for sales to be made under the company's previously filed and effective Registration Statement on Form S-3 and an applicable prospectus supplement. The Company will pay Stifel a commission of up to 3.0% of the gross sales proceeds of any shares sold. The agreement can be terminated by either party at any time without liability.

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About SiTime Corporation

SiTime Corporation, a technology enterprise, is renowned for its pioneering work in the design and manufacture of silicon-based timing devices. These devices are crucial in electronic systems, where they function by providing stable and precise clock signals necessary for synchronous operation. Through its innovative MEMS (Micro-Electro-Mechanical Systems) technology, SiTime delivers timing solutions that offer significant advantages over traditional quartz-based products, including higher reliability, smaller size, and greater robustness against environmental challenges such as temperature and shock. The company's products are integral to a broad spectrum of applications across various sectors, including consumer electronics, automotive, industrial equipment, and communications. SiTime's solutions enable the seamless performance of devices from smartphones to advanced automotive systems. This positioning underscores its significant role in enhancing the functionality and reliability of modern electronic systems. By spearheading the transition from quartz to silicon-based timing technologies, SiTime is pivotal in driving advancements in timing reliability and performance within the global electronics industry.