EMCORE Completes Reverse Stock Split
2012年2月16日 - 10:28PM
EMCORE Corporation (Nasdaq:EMKR) ("EMCORE"), a leading provider of
compound semiconductor-based components and subsystems for the
fiber optic and solar power markets, announced today the
effectiveness of its 4:1 reverse stock split (the "Reverse Stock
Split") of EMCORE common stock, which became effective at 5:00
p.m., Eastern Standard Time, on February 15, 2012. EMCORE's common
stock will begin trading on the NASDAQ Global Market on a split
adjusted basis at the opening of trading this morning under a new
CUSIP number. EMCORE's Board of Directors approved the Reverse
Stock Split in January 2012, following shareholder approval of the
Reverse Stock Split on June 14,
2011.
As previously disclosed, upon effectiveness of the Reverse Stock
Split, every four shares of issued and outstanding EMCORE common
stock were automatically combined into one issued and outstanding
share of common stock without any change in the par value per share
or rights and preferences of our common stock. This reduced the
number of issued and outstanding shares of EMCORE common stock from
approximately 94.1 million to approximately 23.5 million. The
number of authorized shares of our common stock was also
proportionally reduced from 200 million to 50 million. Furthermore,
proportional adjustments were made to EMCORE options, warrants and
other securities entitling their holders to purchase shares of
EMCORE common stock.
No fractional shares were issued in connection with the Reverse
Stock Split. Instead, fractional shares which resulted from the
Reverse Stock Split were rounded up to the nearest whole
share, other than fractional shares under EMCORE's
various equity incentive plans, which fractional shares were
rounded to the nearest whole share. Additional information
regarding the effects of the Reverse Stock Split may be found in
EMCORE's definitive proxy statement filed with the Securities and
Exchange Commission on May 5, 2011.
About EMCORE
EMCORE offers a broad portfolio of compound semiconductor-based
products for the broadband, fiber optic, satellite and solar power
markets. EMCORE's Fiber Optic segment offers optical components,
subsystems and systems for high-speed data and telecommunications
networks, cable television (CATV) and fiber-to-the-premise (FTTP),
as well as specialty photonics technologies for defense and
homeland security applications. EMCORE's Photovoltaic segment
provides products for both satellite and terrestrial applications.
For satellite applications, EMCORE offers high-efficiency Gallium
Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and
panels. For terrestrial applications, EMCORE is adapting its
high-efficiency GaAs solar cells for use in solar concentrator
systems. For further information about EMCORE, visit
http://www.emcore.com.
Forward-looking statements:
The information provided herein may include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, any statement or implication regarding the
implementation or anticipated benefits of the Reverse Stock
Split. Such forward-looking statements involve risks and
uncertainties that, if realized, could materially impair EMCORE's
results of operations, business and financial condition. These
risks and uncertainties include, but are not limited to, (a) the
implementation of administrative matters related to the Reverse
Stock Split, (b) the realization of any anticipated benefits of the
Reverse Stock Split and (c) factors discussed in more detail under
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in EMCORE's filings
with the Securities and Exchange Commission. Forward-looking
statements contained in this press release are made only as of the
date hereof, and EMCORE undertakes no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 6 2024 まで 7 2024
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 7 2023 まで 7 2024