EMCORE Announces Proposed Public Offering of Common Stock
2012年9月28日 - 5:01AM
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound
semiconductor-based components and subsystems for the fiber optic
and solar power markets, announced today that it intends to offer
and sell, subject to market and other conditions, $8 million of its
common stock in an underwritten public offering pursuant to an
effective shelf registration statement. EMCORE intends to grant the
underwriters a 30-day option to purchase up to an additional 15% of
the amount of common stock offered. The Company plans to use any
proceeds from the offering for general corporate purposes.
In connection with the offering, B. Riley & Co., LLC is
acting as sole underwriter. The offering of these securities
will be made by means of a prospectus and related prospectus
supplement, copies of which can be obtained, when available, from
B. Riley & Co., LLC 11100 Santa Monica Blvd., Suite 800, Los
Angeles, California 90025.
A registration statement relating to the shares of common stock
to be issued in this offering has been filed with the Securities
and Exchange Commission (SEC) and is effective. This
communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound
semiconductor-based products for the fiber optics and solar power
markets. EMCORE's Fiber Optics business segment provides
optical components, subsystems and systems for high-speed
telecommunications, Cable Television (CATV) and
Fiber-To-The-Premise (FTTP) networks, as well as products for
satellite communications, video transport and specialty photonics
technologies for defense and homeland security
applications. EMCORE's Solar Photovoltaics business segment
provides products for space power applications including
high-efficiency multi-junction solar cells, Covered Interconnect
Cells (CICs) and complete satellite solar panels. For further
information about EMCORE, visit http://www.emcore.com.
Forward–looking statements:
This press release contains forward-looking statements that
involve risks and uncertainties, including statements related to
the Company's public offering of common stock and the completion of
the offering. These forward-looking statements are based upon the
Company's current expectations. Actual results and the timing of
events could differ materially from those anticipated in such
forward-looking statements as a result of risks and uncertainties,
which include, without limitation, risks and uncertainties
associated with market conditions and the satisfaction of customary
closing conditions related to the proposed offering and other risks
detailed in EMCORE's filings with the Securities and Exchange
Commission. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. There can be no assurance that EMCORE will complete
the offering of shares of common stock, or as to the actual size or
terms of the offering. All forward-looking statements are qualified
in their entirety by this cautionary statement, and EMCORE
undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this press release.
CONTACT: EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
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