News: Optoelectronics
17 February 2021
Emcore closes $35.9m public offering
Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense and broadband communications markets – has closed 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, at a 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 about $35.9m.
Cowen acted as book-running manager and Craig-Hallum as co-manager for the offering.
