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Article: EMCORE Corporation Announces Private Placement.
- Article from:
- PR Newswire
- Article date:
- February 15, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALBUQUERQUE, N.M., Feb. 15 /PRNewswire-FirstCall/ -- EMCORE Corporation announced today that it has agreed to issue and sell, in a private placement $94 million of securities consisting, in the aggregate, of approximately 7.5 million units of its common stock and warrants to purchase up to approximately 1.3 million additional shares. The purchase price was $12.50 per unit. The warrants have a five-year term and an exercise price of $15.06 per share. Jefferies & Company, Inc. acted as the Lead Placement Agent and Canaccord Adams, Lazard Capital Markets and Merriman Curhan & Ford acted as co-placement agents for the private placement. The private placement is expected to ...