Spansion Announces Public Offering of Common Stock

Oct 28, 2010, 06:21 ET from Spansion Inc.

SUNNYVALE, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Spansion Inc. (NYSE: CODE) today announced that it is offering, subject to market and other conditions, 6,750,000 shares of its Class A common stock in an underwritten registered public offering.  In connection with this offering, Spansion expects to grant the underwriters an option to purchase up to 1,012,500 additional shares of its Class A common stock to cover over-allotments, if any.



Spansion intends to use the net proceeds from the offering for general corporate purposes.

Morgan Stanley and Barclays Capital are acting as joint book-running managers for the offering.

A registration statement relating to these shares of Spansion's Class A common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Spansion's Class A common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offering will be made only by means of a prospectus. When available, copies of the prospectus can be obtained by contacting:

Morgan Stanley & Co. Incorporated

180 Varick Street

New York, New York 10014

Attention: Prospectus Department

+1.866.718.1649; or

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717


Spansion(R), the Spansion logo, MirrorBit(R), and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

SOURCE Spansion Inc.