Atomera (ATOM) Registration Filing summary

Company overview and business model

• Develops, commercializes, and licenses proprietary process technology for the $550+ billion semiconductor industry, focusing on Mears Silicon Technology (MST), a thin film silicon enhancement for integrated circuits.

• MST aims to improve transistor performance, enabling smaller, faster, and more power-efficient chips, and is compatible with standard semiconductor manufacturing equipment.

• Revenue is generated through licensing agreements with foundries, IDMs, fabless manufacturers, and OEMs, as well as royalties and software licensing.

• Customers include major IDMs, foundries, fabless manufacturers, OEMs, and EDA companies; current revenue sources include licensing, joint development agreements, and engineering services.

Financial performance and metrics

• As of March 31, 2025, net tangible book value was $23.3 million, or $0.76 per share.

• After a $50 million offering at $7.31 per share, adjusted net tangible book value would be $1.91 per share, with immediate dilution of $5.40 per share to new investors.

• Up to 37,543,810 shares may be outstanding post-offering, assuming full sale at the May 19, 2025 closing price.

Use of proceeds and capital allocation

• Net proceeds will be used for working capital and general corporate purposes, including hiring and procurement of wafer processing and metrology tools and services.

• Management retains broad discretion over allocation and timing of proceeds.