EMCORE (EMKR) Announces Proposed Public Offering of Common Stock
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EMCORE Corporation (Nasdaq: EMKR) today announced that it intends to offer shares of its common stock for sale in an underwritten public offering. All of the shares in the offering are being offered by EMCORE. EMCORE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its common stock in the underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Cowen is acting as book-running manager for the offering.
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