Quantenna Communications Lands $107,200,000 New Funding Round

  • Feed Type
  • Date
    10/28/2016
  • Company Name
    Quantenna Communications
  • Mailing Address
    3450 W Warren Ave. Fremont, CA 94538 USA
  • Company Description
    Quantenna Communications Inc. (NASDAQ: QTNA), is a fabless semiconductor company creating disruptive next generation MIMO based wireless chips with game-changing size, power, and performance characteristics.
  • Website
    http://www.quantenna.com
  • Transaction Type
    IPO
  • Transaction Amount
    $107,200,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We intend to use the net proceeds to us from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures. We may also use a portion of the net proceeds to acquire complementary businesses, products, services or technologies. However, we do not have agreements or commitments for any acquisitions at this time. We cannot specify with certainty the particular uses of the net proceeds to us from this offering. Accordingly, we will have broad discretion in using these proceeds. Pending the use of proceeds to us from this offering as described above, we intend to invest the net proceeds to us from this offering in short-term and long-term interest-bearing obligations, including government and investment-grade debt securities and money market funds.
  • M&A Terms

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