Monday, June 22, 2009

PLX Technology stock prospectus details Oxford debt exchange

"This prospectus relates to up to 3,400,000 shares of our common stock, all of which may be offered and sold from time to time by certain stockholders of PLX Technology, Inc. See “Selling Stockholders.” These shares were issued to the selling stockholders in satisfaction of a promissory note in the principal amount of $14,200,000 issued in connection with our acquisition in January 2009 of all of the outstanding capital stock of Oxford Semiconductor, Inc. (the “Acquisition”). Our common stock issued to the selling stockholders in the Acquisition was issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Section 4(2) thereof.

The selling stockholders will receive all of the net proceeds from the sale of the shares under this prospectus and will pay all brokerage fees and selling commissions, if any, applicable to the sale of the shares. We will not receive any proceeds from the sale of shares by the selling stockholders.

Our common stock is listed on The NASDAQ Stock Market LLC under the symbol “PLXT.” On May 22, 2009, the closing sales price of our common stock as reported by The NASDAQ Stock Market LLC was $2.95 per share." Link to complete filing.