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Red Flags Detected

  • Selling Stockholder Offering 3,306,924 Shares (new) — A significant secondary offering by Advantest America, Inc. means the company receives no proceeds from over half the shares sold, and insiders are cashing out.
  • Underwriter Conflict of Interest Under Finra Rule 5121 (new) — Wells Fargo Securities, LLC, an underwriter, may have a conflict of interest because an affiliate is the administrative agent under the company's Credit Agreement and may receive at least 5% of the net proceeds.
NASDAQ: PDFS PDF SOLUTIONS INC 424B5

PDF Solutions prices $44.00/share offering: 1.26M primary shares for $53.0M net, plus 3.31M secondary shares by Advantest

Filed May 14, 2026 · ~2 min read

Key Changes

  • high

    PDF Solutions is offering 1,261,384 primary shares at $44.00 per share, raising approximately $53.0 million net (up to $81.8 million if underwriters fully exercise their option).

    The Offering verify on EDGAR →
  • high

    Selling stockholder Advantest America, Inc. is offering 3,306,924 shares at $44.00 per share, receiving approximately $139.0 million before expenses; the company receives no proceeds from these shares.

    Selling Stockholders view on EDGAR →
  • medium

    The company intends to use net proceeds for general corporate purposes, which may include repayment of indebtedness.

    Use of Proceeds verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify