Here's Why Camtek Stock Is Falling Today
Shares of Camtek (NASDAQ: CAMT), which makes inspection and metrology equipment for the semiconductor industry, tumbled Thursday after the company announced late Wednesday that it has proposed a private offering of $140 million in convertible senior notes.
The tech stock fell by as much as 10.9% Thursday and was down by 7.9% as of 1:03 p.m. ET.
The company said in a press release that the $140 million aggregate principal amount of the convertible senior notes would be due in 2026, and that it will use the net proceeds from the offering for "general corporate purposes."
Source Fool.com
