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Anadigics Inc Prices Underwritten Public Offering Of Common Stock


Thursday, 14 Mar 2013 08:48am EDT 

Anadigics Inc announced the pricing of an underwritten public offering of 10,000,000 shares of common stock at a price to the public of $2.00 per share. The Company has also granted to the underwriters a 30-day option to purchase, at the same price per share as the underwriters paid for the initial shares, an additional 1,500,000 shares in connection with the offering. After deducting the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $18.4 million, assuming no exercise of the Option. The offering is expected to close on March 19, 2013, subject to customary closing conditions. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group LLC is acting as co-manager. 

Company Quote

0.76
-0.01 -1.30%
19 Dec 2014