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Article: EMCORE Corporation Announces Increase in 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 due to increased demand, it had agreed to issue an additional $6 million in the private placement which increased the total amount of the capital raised to $100 million. The increase of $6 million was agreed to on identical terms of the previously announced private placement.
In total, the Company has agreed to issue and sell, in a private placement $100 million of securities consisting, in the aggregate, of approximately 8 million shares of its common stock and warrants to purchase up to approximately 1.4 million additional shares. The purchase price was $12.50 per ...