Key Developments: ANADIGICS Inc (ANAD.O)
2.17USD
19 Jun 2013
$-0.05 (-2.25%)
$2.22
$2.21
$2.22
$2.14
336,784
714,764
$2.87
$1.05
Latest Key Developments (Source: Significant Developments)
The Law Firm of Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Anadigics Inc
Levi & Korsinsky, LLP announced that it is investigating Anadigics Inc., and its Board of Directors, in connection with possible claims of breaches of fiduciary duty. Full Article
Anadigics Inc Announces Appointment Of Ron Michels As Chairman
Anadigics Inc announced President and Chief Executive Officer, Ron Michels has been appointed Chairman of the Board of Directors effective March 20, 2013. Full Article
Anadigics Inc Prices Underwritten Public Offering Of Common Stock
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. Full Article
Anadigics Inc Announces Proposed Public Offering Of Common Stock
Anadigics Inc announced that it is offering to sell shares of its common stock in an underwritten public offering. Needham & Company, LLC is acting as the sole bookrunning manager of the offering. Craig-Hallum Capital Group LLC is acting as co-manager. The offering is expected to price on or about March 14, 2013. The offering is subject to market 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. ANADIGICS intends to use the net proceeds from the offering for working capital and general corporate purposes. Full Article
Anadigics Inc's MMPA Powers Samsung Galaxy S Relay 4G
Anadigics Inc announced that the Company is shipping production volumes of its ALT6181 multimode multiband power amplifier (MMPA) to Samsung Electronics for the new Galaxy S Relay 4G. ANADIGICS' compact 5 mm by 7.5 mm ALT6181 MMPA features an integrated voltage regulator, separate single-ended RF chains, and high directivity couplers. Full Article
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