EMCORE Announces Closing of $35.9 Million Public Offering of Common Stock
February 16 2021 - 4:01PM
EMCORE Corporation (Nasdaq: EMKR) today announced the closing of
its underwritten public offering of 6,655,093 shares of its common
stock, which includes the full exercise of the underwriters’ option
to purchase 868,056 additional shares of common stock, at a public
offering price of $5.40 per share. All of the shares in the
offering were sold by EMCORE. The gross proceeds to EMCORE from the
offering, before deducting the underwriting discounts and
commissions and other offering expenses, were approximately $35.9
million.
Cowen is acting as book-running manager and Craig-Hallum is
acting as co-manager for the offering.
The shares of common stock in the public offering were issued by
EMCORE pursuant to a shelf registration statement (File No.
333-235818) previously filed with, and declared effective by, the
Securities and Exchange Commission (the “SEC”), and the
registration statement on Form S-3 (File No. 333-252970) filed with
the SEC pursuant to Rule 462(b) under the Securities Act of 1933.
The offering was made only by means of a written prospectus and
prospectus supplement that form a part of the registration
statement. Copies of the final prospectus supplement and
accompanying prospectus relating to the offering were filed with
the SEC and may be obtained by contacting: Cowen and Company, LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, Attn: Prospectus Department, by telephone at
(833) 297-2926, or by email at
PostSaleManualRequests@broadridge.com, or Craig-Hallum Capital
Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402,
Attn: Equity Capital Markets, telephone: 612-334-6300 or by email
at prospectus@chlm.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.
Investor Contacts
EMCORE CorporationTom Minichiello(626)
293-3400investor@emcore.com
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