News: Optoelectronics
11 February 2021
Emcore prices public offering to raise $31.2m
Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense and broadband communications markets – has announced the pricing of its underwritten public offering of 5,787,037 shares of common stock (announced on 10 February) at $5.40 per share. All of the shares in the offering are being sold by Emcore.
The gross proceeds to Emcore from the offering (before deducting the underwriting discounts and commissions and other offering expenses) are expected to be about $31.2m.
The offering is expected to close on or about 16 February, subject to customary closing conditions. In addition, Emcore has granted the underwriters a 30-day option to purchase up to 868,056 shares (an additional 15% of the number of shares in the public offering) at the same price, minus underwriting discounts and commissions.
The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, by contacting: book-running manager Cowen and Company LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Prospectus Department, by telephone at (833) 297-2926, or by e-mail at [email protected], or book-running co-manager Craig-Hallum Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, Attn: Equity Capital Markets, telephone: 612-334-6300 or by e-mail [email protected].
