ACM Research, Inc. Announces Successful Private Offering of RMB 4.5 Billion on Shanghai Stock Exchange

ACM Research (Shanghai) raised RMB 4.5 billion through a private offering of 38.6 million shares for growth initiatives.

Quiver AI Summary

ACM Research, Inc. announced that its subsidiary, ACM Research (Shanghai), Inc., reported a successful private offering of 38,601,326 ordinary shares on the Shanghai Stock Exchange, raising approximately RMB 4.5 billion (around US$630 million) for various purposes including research and development and working capital. The shares were fully subscribed by 17 qualified investors in cash, and after the offering, ACM's equity interest in ACM Shanghai will decrease to about 74.5%, maintaining its status as the controlling shareholder. The newly issued shares are subject to a six-month lock-up period before they can be traded on the STAR Market. The company cautioned that certain statements in the press release are forward-looking and involve risks and uncertainties that could affect actual results.

Potential Positives

ACM Research raised approximately US$630 million through a successful private offering, significantly boosting its financial resources for growth.
The gross proceeds will be allocated to research and development, capital expenditures, and working capital, which can enhance innovation and operational capabilities.
Despite a decrease in equity interest in ACM Shanghai, ACM will maintain controlling interest, ensuring strategic decision-making remains within the company.

Potential Negatives

ACM's equity interest in ACM Shanghai decreased from 81.1% to approximately 74.5%, which could signal weakened control over its subsidiary.
The reliance on private investors for a substantial portion of funding (RMB 4.5 billion) may raise concerns about the company’s financial health and ability to attract public investment in the future.

FAQ

What was the amount raised in ACM's Private Offering?

ACM raised approximately RMB 4.5 billion (around US$630 million) through the Private Offering.

Who were the investors in the Private Offering?

The Private Offering was allocated to 17 qualified investors who subscribed entirely in cash.

What will the proceeds of the Private Offering be used for?

The proceeds are intended for research and development, capital expenditures, and working capital.

How will the Private Offering affect ACM’s equity interest in ACM Shanghai?

ACM's equity interest in ACM Shanghai will decrease from 81.1% to approximately 74.5% after the offering.

What is ACM Research, Inc.'s primary business focus?

ACM specializes in wafer and panel processing solutions for semiconductor and advanced packaging applications.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ACMR Insider Trading Activity

$ACMR insiders have traded $ACMR stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.

Here’s a breakdown of recent trading of $ACMR stock by insiders over the last 6 months:

DAVID H WANG (See Remarks) has made 0 purchases and 6 sales selling 260,000 shares for an estimated $6,469,590.
JIAN WANG (See remarks) has made 0 purchases and 3 sales selling 90,000 shares for an estimated $2,910,000.
TRACY LIU has made 0 purchases and 2 sales selling 30,000 shares for an estimated $945,000.
LISA FENG (See remarks) has made 0 purchases and 2 sales selling 30,000 shares for an estimated $810,000.
SOTHEARA CHEAV (See remarks) has made 0 purchases and 2 sales selling 21,152 shares for an estimated $684,560.
MARK MCKECHNIE (See Remarks) sold 15,000 shares for an estimated $378,300

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ACMR Hedge Fund Activity

We have seen 139 institutional investors add shares of $ACMR stock to their portfolio, and 141 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PANVIEW CAPITAL LTD removed 1,374,699 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $32,085,474
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 1,185,744 shares (+inf%) to their portfolio in Q2 2025, for an estimated $30,710,769
POINT72 HONG KONG LTD removed 761,157 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $19,713,966
POINT72 ASSET MANAGEMENT, L.P. removed 681,831 shares (-73.0%) from their portfolio in Q2 2025, for an estimated $17,659,422
MITSUBISHI UFJ TRUST & BANKING CORP added 649,116 shares (+39.3%) to their portfolio in Q2 2025, for an estimated $16,812,104
NUVEEN, LLC added 577,129 shares (+420.7%) to their portfolio in Q2 2025, for an estimated $14,947,641
INVESCO LTD. removed 513,113 shares (-38.3%) from their portfolio in Q2 2025, for an estimated $13,289,626

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

FREMONT, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced that its operating subsidiary, ACM Research (Shanghai), Inc. (“ACM Shanghai”), has issued its report on the private offering of ordinary shares (the “Private Offering”) on the Shanghai Stock Exchange website [ link to China Disclosure ], in accordance with applicable regulations of the STAR Market and the China Securities Regulatory Commission.

ACM Shanghai issued 38,601,326 ordinary shares at RMB 116.11 per share, raising gross proceeds of RMB 4.5 billion (approx. US$630 million) and net proceeds of RMB 4.4 billion (approx. US$624 million) after deducting offering-related expenses. The proceeds are intended to be used for research and development, capital expenditures and working capital.

The Private Offering was allocated to 17 qualified investors, all of whom subscribed entirely in cash. The newly issued shares will be registered with the China Securities Depository and Clearing Corporation and subject to the six-month lock-up period before becoming eligible for trading on the STAR Market.

Following the Private Offering, ACM estimates its equity interest in ACM Shanghai will decrease to approximately 74.5% from 81.1% before the offering. ACM will remain the controlling shareholder of ACM Shanghai.

All USD amounts above are for reference only and are translated using the September 23, 2025 Wall Street Journal closing exchange rate.

Forward-Looking Statements

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com .

© ACM Research, Inc. ACM Research logo is trademark of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.

For investor and media inquiries, please contact:

In the United States :	The Blueshirt Group Steven C. Pelayo, CFA +1 (360) 808-5154 [email protected]

In China :	The Blueshirt Group Asia Gary Dvorchak, CFA [email protected]