CUI Global, Inc. Announces Pricing Of $42.0 Million Follow-On Offering PR Newswire TUALATIN, Ore., April 12, 2013 TUALATIN, Ore., April 12, 2013 /PRNewswire/ --CUI Global, Inc. ("CUI Global" or the "Company") (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, today announced it has priced an underwritten public offering of 8,400,000 shares of its common stock at a price to public of $5.00 per share. Additionally, the Company has granted the underwriters the option to purchase up to an additional 1,260,000 shares of its common stock to cover over-allotments, if any, at the price to public. The offering is expected to close on or about April 17, 2013, subject to satisfaction of closing conditions. (Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO) The total gross proceeds of the offering are approximately $42.0 million. After deducting the underwriters' discount and other estimated offering expenses payable by CUI Global, the net proceeds are expected to be approximately $39.1 million. The Company intends to use approximately £17.0 million of the net proceeds of the offering, or $26.2 million based on the exchange rate of $1.5385 = £1.0000 as of the New York market close on April 11, 2013, to fund the purchase price of Orbital Gas Systems Limited ("Orbital-UK"). It intends to use the remaining net proceeds to pay down approximately $2.0 million of its long term debt, as well as for working capital and general corporate purposes. Craig-Hallum Capital Group LLC is acting as sole book-running manager of the offering. Merriman Capital, Inc. is acting as co-manager of the offering. A registration statement relating to shares of the common stock of CUI Global has been declared effective by the Securities and Exchange Commission. This offering is being made by CUI Global by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus for the offering may be obtained from Craig-Hallum Capital Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, phone number(612) 334-6300, or from Merriman Capital, Inc. at 135 East 57^th Street, 24^th Floor, New York, NY 10022, phone number (646) 292-1400. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About CUI Global, Inc. Delivering Innovative Technologies for an Interconnected World . . . . . CUI Global is a publicly traded platform company focused on the acquisition and development of innovative companies and technologies. From its Vergence GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s digital power platform targeting the networking and telecom industries, CUI Global has built a diversified portfolio of leading technologies that touch many markets. About CUI, Inc. CUI Inc. is a technology company dedicated to the development and distribution of electro-mechanical products. Its broad power and component product portfolios allow customers to address design challenges across a range of industries and applications. Built on a solid foundation of core operating principals, CUI seeks to maximize value for customers through their engineering, manufacturing, and supply chain capabilities. As an industry leader, CUI continues to invest in the future through new technologies, talented employees, expanded manufacturing capabilities, and a growing global reach. For more information, please visit www.cuiglobal.com and www.cui.com. Important Cautions Regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, including statements regarding the company's pending acquisition of Orbital-UK, the integration of Orbital-UK, the anticipated financial results of the combined company and the combined company's anticipated marketing and sales efforts, are all subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, completion of the pending acquisition of Orbital-UK and the successful integration of the two businesses, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. SOURCE CUI Global, Inc. Website: http://www.cuiglobal.com Contact: Company Contact: CUI Global, Inc., Media Contact: Maggie Lefor, Main: 503-612-2300, firstname.lastname@example.org; Investor Relations: CUI Global, Inc., Main: 503-612-2317, email@example.com; Outside IR contact: BPC Financial Marketing, John Baldissera, 800-368-1217
CUI Global, Inc. Announces Pricing Of $42.0 Million Follow-On Offering
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