Thursday, May 29, 2014
Resonant Prices IPO
Santa Barbara-based Resonant, which is developing radio frequency filters (RF) used for mobile devices, has priced its IPO, saying it is offering up 2,700,000 shares of its common stock at a price of $6.00 per share. The company is slated to start trading on the Nasdaq Capital Market as RESN today. Resonant's IPO was underwritten by MDB Capital Group. The company is a spinout of another Santa Barbara company, Superconductor Technologies. The IPO raises only $16.2M for the company.