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(NASDAQ:TSEM) -Today’s Top Percentage Gainer - Stock Alert
Top Gainer Stock
Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) climbed 18.73 %to $1.11 on massive volume of 1.10 million shares. Yesterday, Specialty foundry Tower Semiconductor Ltd. Announced that it will raise an additional $3 million from Yorkville Advisors LLC unit YA Global Master SPV Ltd. tomorrow. Tower will allot the company 3.4 million shares at $0.88 per share, as part of the Standby Equity Purchase Agreement (SEPA) from August under which Yorkville will invest up to $25 million in Tower.
Tower Semiconductor Ltd. (Tower Semiconductor) is a pure-play independent specialty wafer foundry. It manufactures integrated circuits with geometries ranging from 1.0 to 0.13- micron. Through access to the process portfolio of its wholly owned subsidiary, Jazz Semiconductor (Jazz), it offers radio frequency complementary metal-oxide semiconductor (RF CMOS), analog CMOS, silicon, silicon germanium (SiGe) BiCMOS, SiGe C-BiCMOS, power CMOS, and high voltage CMOS.
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