Cray (CRAY) - Get Report filed with the Securities and Exchange Commission to sell $80 million worth of common stock.

The Seattle-based supercomputer company expects to use the proceeds to fund working capital and for general corporate purposes, including product development and capital expenditures.

The sole book-running manager of the offering is Thomas Weisel, co-lead manager of the offering is Needham and the co-managers are C.E. Unterberg Towbin and Miller Johnson Steichen Kinnard.

Shares fell 7 cents Friday to $11.12.