- The stock price of Atomera Inc (NASDAQ: ATOM) is trading at more than 40% this past week. This is why it happened.
The stock price of Atomera Inc (NASDAQ: ATOM) — a company that develops, commercializes, and licenses proprietary materials and processes for the semiconductor industry — is trading at more than 40% this past week as the stock price went from $16.42 on December 31 morning to $23.79 per share as of 11:03AM today. These were some bullish triggers that led to the stock price increase. Here are some examples:
Bullish Trigger: Joint Development Agreement With Leading Semiconductor Provider
Atomera had announced a Joint Development Agreement (JDA) with a “leading semiconductor provider” for integration of the company’s Mears Silicon Technology (MST) into their silicon fabrication process. And the JDA includes a manufacturing license allowing the customer to fabricate semiconductor wafers incorporating MST for use in their products. Atomera’s MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today’s electronics.
“Atomera is thrilled to join with an industry leader that has a strong record of technology innovation to extend Moore’s Law,” said Atomera president and CEO Scott Bibaud in a statement about the JDA. “During this JDA, we will work together to prove the technical and economic advantage of adopting MST across multiple process technologies and business units within our partner company. This agreement aligns well with our long-standing mission to collaborate with leaders in the industry to extend the life of existing manufacturing processes and accelerate adoption of new technologies, through development of our cutting-edge materials.”
Bullish Trigger: $25 Million At-The-Market Equity Offering
Yesterday, Atomera had announced it has completed an offering of shares of its common stock, pursuant to an at-the-market equity program described in a prospectus supplement dated September 2, 2020 and filed with the SEC. And after deducting commissions and other estimated expenses, the net proceeds to Atomera were approximately $24.2 million.