ANDOVER, Mass., (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR), a leading provider of high performance power components and systems, today announced the pricing of its public offering of $100 million of shares of its common stock at a price to the public of $65.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to $15 million of additional shares of common stock from Vicor. The offering is expected to close on June 15, 2020, subject to customary closing conditions.

Needham & Company is acting as the sole book-running manager for the offering. Craig-Hallum Capital Group is acting as the co-manager for the offering.

Vicor intends to use the net proceeds from the offering for the expansion of its manufacturing facilities and other general corporate purposes.

About Vicor Corporation

Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products primarily to customers in the higher-performance, higher-power segments of the power systems market, including aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, and vehicles and transportation markets.