News Article
Emcore prices underwritten public offering
The firm plans to use the approximately $8.265 million in net proceeds for general corporate purposes
Emcore has priced an underwritten public offering of 1,593,400 shares of common stock at a price to the public of $5.46 per share.
The company has also granted the underwriter an option for 30 days to purchase up to 239,010 additional shares of common stock. Emcore plans to use the approximately $8.265 million in net proceeds for general corporate purposes. The offering was increased from what was previously announced due to demand from investors. The offering is expected to close on October 3rd, 2012, subject to the satisfaction of customary closing conditions.
In connection with the offering, B. Riley & Co., LLC is acting as sole underwriter. The offering of these securities will be made only by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025.
A registration statement relating to the shares of common stocks to be issued in this offering has been filed with the Securities and Exchange Commission (SEC) and is effective.
The company has also granted the underwriter an option for 30 days to purchase up to 239,010 additional shares of common stock. Emcore plans to use the approximately $8.265 million in net proceeds for general corporate purposes. The offering was increased from what was previously announced due to demand from investors. The offering is expected to close on October 3rd, 2012, subject to the satisfaction of customary closing conditions.
In connection with the offering, B. Riley & Co., LLC is acting as sole underwriter. The offering of these securities will be made only by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025.
A registration statement relating to the shares of common stocks to be issued in this offering has been filed with the Securities and Exchange Commission (SEC) and is effective.
