CEVA Announces Pricing of Public Offering

ROCKVILLE, Md. – November 18, 2025 – Ceva, Inc. (NASDAQ: CEVA), a leading licensor of wireless connectivity and smart sensing technologies, announced today the pricing of its underwritten public offering. The company will offer 3,000,000 shares of its common stock at a price of $19.50 per share.

The offering, managed by J.P. Morgan as lead book-running manager and UBS Investment Bank as junior active book-running manager, includes an option for the underwriters to purchase up to an additional 450,000 shares within 30 days, less underwriting discounts and commissions. If fully subscribed, the offering is expected to generate gross proceeds of approximately $58.5 million for Ceva before deducting expenses.

The offering is expected to close on November 20, 2025, contingent upon standard closing conditions. The move is poised to inject significant capital into Ceva, enhancing its financial agility and increasing its public float.

Ceva intends to strategically deploy the net proceeds. Potential acquisitions of or investments in businesses or technologies is a prime objective, bolstering Ceva’s existing capabilities and broadening its product portfolio. Furthermore, the funds will also be channeled into working capital, capital expenditures, share repurchases, and fulfilling other overarching corporate needs.

TD Cowen and Stifel are acting as additional book-running managers for the proposed offering. Needham & Company, Rosenblatt, Roth Capital Partners and Loop Capital Markets are acting as co-managers for the proposed offering.

The offering is being conducted under a shelf registration statement on Form S-3, initially filed with the SEC on August 7, 2024, and effective as of August 16, 2024. Detailed information about the offering is available in the preliminary and final prospectus supplements filed (or to be filed) with the SEC, accessible on the SEC’s website.

From a market perspective, this capital raise comes at a crucial juncture for the semiconductor IP industry. With increasing demand for edge computing and AI-enabled devices, Ceva is positioning itself for potentially accelerated growth, in both wireless connectivity and sensor technologies. The company’s recent partnerships and technological advancements are increasingly focusing on segments such as automotive, industrial, and consumer electronics, areas with particularly robust growth expectations.

Analysts will be watching how Ceva allocates this new found capital. Strategic acquisitions could rapidly expand Ceva’s technological offerings and market reach, in areas like AI processors or specific communications standards (e.g., 6G, or new satellite communication technologies.) Organic growth, however, remains important. Continued investment in research and development is required to maintain a competitive edge in a rapidly evolving landscape.

About Ceva, Inc.

Ceva specializes in providing wireless communications, sensing, and Edge AI technologies. Its IP licenses are utilized in a wide array of smart edge products, spanning from Bluetooth and Wi-Fi to advanced 5G platforms. Ceva’s technologies focus on ultra-low power consumption and small silicon footprints, creating solutions for AI-driven devices, IoT, wearables, autonomous vehicles, and next-generation mobile networks.

Forward-Looking Statements

This announcement contains forward-looking statements concerning market conditions, the completion of the public offering, and the anticipated use of proceeds. These statements are subject to various risks and uncertainties, including fluctuating market conditions, regulatory factors, and the inherent uncertainties of Ceva’s business. Actual results could differ materially from the projections made in these forward-looking statements. Factors influencing these outcomes are described in Ceva’s filings with the SEC, notably its annual report on Form 10-K for the year ended December 31, 2024, and the preliminary prospectus supplement related to the proposed offering. Ceva does not undertake to update these statements, except as required by law.