16 February 2023
Emcore announces pricing of public offering
Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense, communications and sensing markets – has announced the pricing of a public offering of 15,454,546 shares of its common stock at a price of $1.10 per share. Gross proceeds to Emcore, before deducting the placement agent fees and other offering expenses, are expected to be about $17m. The offering is expected to close on or about 17 February, subject to customary closing conditions. A.G.P./Alliance Global Partners is acting as sole placement agent on a best-efforts basis.
Emcore leverages photonic integrated circuit (PIC), quartz MEMS, lithium niobate, and indium phosphide chip-level technology to deliver component and system-level products across end-market applications including navigation and inertial sensing, defense optoelectronics, broadband communications, optical sensing, and specialty chips for telecom and data centers. The firm has vertically integrated manufacturing capability at its wafer fabrication facilities in Alhambra, CA, Budd Lake, NJ, Concord, CA and Tinley Park, IL. Emcore’s manufacturing facilities maintain ISO 9001 quality management certification, and the firm is AS9100 aerospace quality certified at its facilities in Budd Lake and Concord.