Ceva Announces Commencement of Underwritten Public Offering of Common Stock

ROCKVILLE, Md., Nov. 17, 2025  — Ceva, Inc. (NASDAQ: CEVA) today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock. Ceva has also agreed to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock. All of the shares to be sold in the proposed offering are to be sold by Ceva. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The shares of common stock offered in this offering are expected to be listed for trading on the Nasdaq Global Select Market.

The principal purposes of this proposed offering are to increase Ceva’s financial flexibility, obtain additional capital and to increase its public float. Ceva intends to use the net proceeds from this proposed offering to fund potential acquisitions of, or investments in, complementary technologies or businesses. Ceva may also use the net proceeds from this proposed offering for working capital, capital expenditures, share repurchases and other general corporate purposes.

J.P. Morgan is acting as lead book-running manager for the proposed offering. UBS Investment Bank is acting as junior active book-running manager for the proposed offering. 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 proposed offering is being made pursuant to a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission (the “SEC”) on August 7, 2024 and became effective on August 16, 2024. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available for free on the SEC’s website located at http://www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the proposed offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com; UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010, or by emailing ol-prospectus-request@ubs.com; TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email: TDManualrequest@broadridge.com; and Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com.

Prospective investors should read the prospectus forming a part of the registration statement and the prospectus supplement relating to the proposed offering, when available, and the other documents that Ceva has filed with the SEC for more complete information about Ceva and the proposed offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Ceva, Inc.

At Ceva, we are passionate about bringing new levels of innovation to the smart edge. Our wireless communications, sensing and Edge AI technologies are at the heart of some of today’s most advanced smart edge products. From Bluetooth, Wi-Fi, UWB and 5G platform IP for ubiquitous, robust communications, to scalable Edge AI NPU IPs, sensor fusion processors and embedded application software that make devices smarter, we have the broadest portfolio of IP to connect, sense and infer data more reliably and efficiently. We deliver differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint. Our goal is simple – to deliver the silicon and software IP to enable a smarter, safer, and more interconnected world. This philosophy is in practice today, with Ceva powering more than 20 billion of the world’s most innovative smart edge products from AI-infused smartwatches, IoT devices and wearables to autonomous vehicles and 5G mobile networks.