04:50 AM EST, 11/19/2025 (MT Newswires) -- (Updates with the pricing information and closing date in the first and last paragraphs.)

CEVA (CEVA) said Tuesday it priced an underwritten public offering of 3 million common shares at $19.50 apiece, after announcing its launch on Monday.

The company agreed to grant the underwriters a 30-day option to buy up to an additional 450,000 common shares, it said Monday.

Ceva plans to use the net proceeds to fund potential acquisitions or investments in complementary technologies and businesses, as well as for working capital, capital expenditures, share repurchases, and other general corporate purposes.

The proposed offering is expected to close on Thursday.