MathStar was an American, fabless semiconductor company based in Oregon.
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19 Facts About MathStar
2.
MathStar never made a profit after raising $137 million over the lifetime of the company, including via several stock offerings while the company was publicly traded on the NASDAQ market.
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3.
MathStar's only product was a field programmable object array chip.
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4.
MathStar first started producing its processor in 2003, but technical problems led to additional design changes with hopes to restart production in April 2004 after raising an additional $10 million.
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5.
MathStar hoped to raise $21 million at that point to pay down debt and fund research.
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6.
MathStar then held the IPO in October 2005 and raised $24 million.
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8.
MathStar already had 22 employees there at the time, but planned to keep an office in Minnesota as well.
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10.
At that point MathStar had 35 employees in Hillsboro with plans to hire 15 more.
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11.
MathStar announced in February 2007 that they were working with Mentor Graphics on the design tools for MathStar's field programmable object array chip.
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12.
MathStar announced they would sell another $40 million in stock in March 2007.
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13.
In early June 2007 MathStar again sold stock to raise $25 million, followed by another offering later that month in an attempt to raise $4.
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14.
MathStar again received a warning from the Nasdaq about delisting in January 2008.
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15.
MathStar rejected PureChoice's offer as CEO Pihl hoped for a merger with a company that had better cash flow, while some stockholders wanted the company to liquidate the company's assets.
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16.
MathStar rejected another bid from PureChoice in November 2008, while a shareholder requested the company vote on liquidation in February 2009.
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17.
MathStar's board urged rejection of the Tiberius bid due to ongoing negotiations concerning a merger with yet another private company, or the possibility of resuming operations.
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18.
MathStar was never profitable, yet raised a total of $137 million during its existence.
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19.
MathStar's only product was a field programmable object array microchip.
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