MathStar announces proposed public offering of common stock

MAY 14, 2007--MathStar (Hillsboro, OR, USA) intends to offer approximately $25 million of its common stock pursuant to an effective shelf registration statement in an underwritten public offering.

May 14th, 2007

MAY 14, 2007--MathStar (Hillsboro, OR, USA; www.mathstar.com), a fabless semiconductor company specializing in high-performance programmable logic, intends to offer, subject to market and other conditions, approximately $25 million of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. MathStar also intends to grant the underwriters a 30-day option to purchase up to 15% of the number of shares sold in the offering to cover over-allotments, if any. All of the shares in the offering are to be sold by MathStar, and the company expects to close on the offering in mid-June 2007.

MDB Capital Group is acting as the lead manager for the offering. A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. A copy of the prospectus and, when available, the preliminary prospectus supplement related to this offering can be obtained by contacting MDB Capital Group, LLC, 401 Wilshire Boulevard, Suite 1020, Santa Monica, CA, USA.

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