EMCORE Announces Proposed Public Offering of Common Stock
February 10 2021 - 4:01PM
EMCORE Corporation (Nasdaq: EMKR) today announced that it intends
to offer shares of its common stock for sale in an underwritten
public offering. All of the shares in the offering are being
offered by EMCORE. EMCORE intends to grant the underwriters a
30-day option to purchase up to an additional 15% of the number of
shares of its common stock in the underwritten public offering. The
offering is subject to market and other conditions, and 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.
Cowen is acting as book-running manager for the offering.
A shelf registration statement (File No. 333-235818) relating to
the shares was previously filed with the Securities and Exchange
Commission (the “SEC”) and became effective on January 27, 2020.
The offering will be 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 will be filed with
the SEC and, when available, may be obtained by contacting: 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 email at
PostSaleManualRequests@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or 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 jurisdiction.
About EMCORE Corporation
EMCORE Corporation is a leading provider of advanced
mixed-signal products that serve the aerospace & defense and
broadband communications markets. Our best-in-class components and
systems support a broad array of applications including navigation
and inertial sensing, defense optoelectronics, broadband transport,
5G wireless infrastructure, optical sensing, and cloud data
centers. We leverage industry-leading Quartz MEMS, Indium
Phosphide, and Lithium Niobate chip-level technology to deliver
state-of-the-art component and system-level products across our
end-market applications. EMCORE has vertically-integrated
manufacturing capability at its wafer fabrication facility in
Alhambra, CA, and Quartz MEMS manufacturing facility in Concord,
CA. Our manufacturing facilities maintain ISO 9001 quality
management certification, and we are AS9100 aerospace quality
certified at our facility in Concord. For further information about
EMCORE, please visit http://www.emcore.com.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may be identified by use of terms such as
“will,” “expect,” “shall,” and similar terms or the negative of
such terms, and include, without limitation, statements about the
Company’s expectations regarding the timing, size and completion of
the proposed offering, the grant to the underwriter of the option
to purchase additional shares, and other information that is not
historical information. Actual results or developments may differ
materially from those projected or implied in these forward-looking
statements. Factors that may cause such a difference include risks
and uncertainties related to completion of the public offering on
the anticipated terms or at all, market conditions and the
satisfaction of customary closing conditions related to the public
offering. More information about the risks and uncertainties faced
by EMCORE is contained in the section captioned “Risk Factors” in
the prospectus supplement related to the public offering and from
time to time in the Company’s Securities and Exchange Commission
filings, including its Annual Report on Form 10-K for the fiscal
year ended September 30, 2020, its Quarterly Report on Form 10-Q
for the quarter ended December 31, 2020, as well as subsequent SEC
filings. The forward-looking statements contained in this release
are as of the date of this release, and the Company does not
undertake any obligation to update any such statements, whether as
a result of new information, future events or otherwise.
Investor Contacts
EMCORE CorporationTom Minichiello(626)
293-3400investor@emcore.com
EMCORE (NASDAQ:EMKR)
Historical Stock Chart
From Jul 2024 to Jul 2024
EMCORE (NASDAQ:EMKR)
Historical Stock Chart
From Jul 2023 to Jul 2024