OCZ Closes Public Offering of Common Stock

OCZ Technology Group, Inc. announced the closing of its previously announced public offering of 10,200,000 primary shares of its common stock at a price of $8.50 per share.

The underwriters exercised their over-allotment option in full thereby increasing the number of primary shares sold by 1,530,000 shares.

OCZ received approximately $94 million in net proceeds from the offering, which includes the over-allotment option being exercised in full, after deducting underwriting discounts and commissions and estimated offering expenses. OCZ intends to use the net proceeds from the offering for general corporate purposes.

Stifel Nicolaus Weisel and Needham & Company, LLC acted as joint book-running managers for the offering. Craig-Hallum Capital Group and Merriman Capital served as co-managers for the offering. ROTH Capital Partners acted as an advisor to the Company.