EMCORE Corp (EMKR) Approves $8M Common Offering

EMCORE Corporation (Nasdaq: EMKR) 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.

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