Mindspeed Tech (MSPD) Prices 2.52M Common Offering at $7.25/Share

Mindspeed Technologies, Inc. (NASDAQ: MSPD) today announced the pricing of an underwritten public offering of 2.52 million shares of its common stock at a public offering price of $7.25 per share. On March 3, 2010, the last reported sales price of Mindspeed common stock on the Nasdaq Global Market was $7.42. The company expects to receive gross proceeds from the offering of approximately $18.3 million before deducting underwriting discounts and commissions and other expenses. The offering is expected to close on March 9, 2010, subject to the satisfaction of customary closing conditions.

Thomas Weisel Partners LLC is acting as the sole book-running manager and Craig-Hallum Capital Group LLC is acting as co-manager for the offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, as well as to potentially refinance its outstanding indebtedness.