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QuickLogic Corporation Announces Partial Exercise of Over-Allotment Option Related to Public Offering of Common Stock
SAN JOSE, Calif., July 21, 2020 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of ultra-low-power
About this update from Quicklogic Corporation
[{"type":"text","content":" SAN JOSE, Calif., July 21, 2020 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) (\"QuickLogic\" or the \"Company\"), a developer of ultra-low-power multi-core voice-enabled system-on-chips (\"SoCs\"), embedded FPGA intellectual property, Internet of Things (\"IoT\"), and endpoint artificial intelligence (\"AI\") solutions, today announced that it had completed the sale of 141,733 additional shares of common stock pursuant to the partial exercise of the underwriter's option to purchase additional shares of common stock for the purpose of covering over-allotments in connection with the Company's recently announced public offering, resulting in additional net proceeds to the Company of approximately $461,341 after deduction of underwriting discounts. \n\n \n \n \n \n \n \n\n \nDuring the Company's recent public offering, including the underwriter's partial exercise of its option to purchase additional shares of common stock for the purpose of covering over-allotments, the Company raised an aggregate of approximately $8.10 million in net proceeds, after deducting underwriting discounts and commissions and our expenses related to the offering. After giving effect to the shares issued in the offering, the Company now has 11,055,490 shares outstanding. \nOppenheimer & Co. Inc. acted as the sole underwriter for the Offering. \nThe Offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-230352) that was declared effective by the Securities and Exchange Commission (the \"SEC\") on March 29, 2019. The preliminary prospectus supplement related to the Offering was filed with the SEC on June 17, 2020, and the final prospectus supplement and accompanying prospectus was filed with the SEC on June 18, 2020. Copies of the final prospectus supplement and accompanying base prospectus may be obtained by visiting EDGAR on the SEC's website at www.sec.gov, or by contacting Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY, 10004, by telephone at (212) 667-8563, or by email at [email protected]. \nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the Offering. There shall not be any sale of these securities in any state or jurisdiction in which such offering, sale or solicitation would ...