Search sponsor
Emcore revealed that it has recently closed an underwritten public offering of its common stock. The company sold over 1.8 million shares of its common stock at a public price of US$5.46, bringing its total closing to just over US$10 million. The closing included all 23,010 shares of common stock subject to the underwriter’s overallotment option. Emcore noted that it plans to use around US$9.5 million in net proceeds for general corporate purposes.
