Anadigics (ANAD) Prices 10M Shares at $2

March 14, 2013 8:50 AM EDT
Anadigics, Inc. (NASDAQ: ANAD) announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $2.00 per share. The Company has also granted to the underwriters a 30-day option to purchase (the "Option"), at the same price per share as the underwriters paid for the initial shares, an additional 1,500,000 shares in connection with the offering.

The offering is expected to close on March 19, 2013, subject to customary closing conditions. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group LLC is acting as co-manager.

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