The shares are listed on the New York Stock Exchange

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 4,600,000 shares of common stock of Ambiq Micro, Inc. at $24.00 per share, for total gross proceeds of $110.4 million. The shares sold included 600,000 shares sold pursuant to the underwriters’ over-allotment option. The common stock is listed on the New York Stock Exchange under the symbol “AMBQ.”

Ambiq’s mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. Ambiq is a pioneer and leading provider of ultra-low-power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute – especially at the edge.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Karen Yang and Jared Madnick. Partner Paul D. Marquardt and associate Daria Adjowa Serwaa Nonnemaker provided regulatory advice. Partner Frank Azzopardi and associate Francesca Masella provided intellectual property advice. The tax team included counsel Yixuan Long. Partner Jennifer S. Conway provided executive compensation advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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