Latham Advises on Ceva’s Public Offering

Ceva, Inc. (NASDAQ: CEVA) has announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a price to the public of US$19.50 per share. All of the shares to be sold in the proposed offering are to be sold by Ceva. In addition, Ceva has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Ceva from the proposed offering (before deducting underwriters’ discounts and commissions and offering expenses) are expected to be approximately US$58.5 million (assuming no exercise of the underwriters’ option).

Latham advised the underwriters with a team led by London partner Josh Kiernan, Tel Aviv partner Gilad Zohari, and New York partner Benjamin Cohen, with Tel Aviv associate Jamie Savren and New York associate Madison Venezia. Advice was provided on tax matters by New York partner Elena Romanova, with associate Shangpu (Nicholas) Sun; on data privacy matters by San Francisco partner Robert Blamires, with associates Deborah J. Hinck, Kate Burrell, and Austin Anderson; on IP matters by New York partner Pelin Serpin, with associate Jamie Eimbinder; on anti-bribery and anti-corruption matters by Washington, D.C. partner Nathan Seltzer, with counsel Catherine Hein and associate Monica Neligan; and on sanctions matters by Washington, D.C. partner Eric Volkman, with associates Matthew Crawford and Dillon Riley Curtis.