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GigOptix Inc announces pricing of public offering of common stock

Thursday, 19 Dec 2013 08:11am EST 

GigOptix, Inc:Says the pricing of its underwritten public offering of an aggregate of 8,325,000 newly issued shares of common stock at a price of $1.42 per share.Says it expects to receive gross proceeds of $11.8 million, before deducting underwriting discounts and other estimated offering expenses.Says the underwriters have also been granted a 30-day option to purchase up to 1,248,750 shares of common stock to cover over-allotments, if any.Says the net proceeds to the company from the Offering are expected to be approximately $11.0 million after deduction of underwriting discounts and assuming no exercise of the underwriters` over-allotment option.Says the offering is expected to close on Dec. 24. 

Company Quote

0.07 +5.51%
3:58pm EST