QuickLogic Corp. (QUIK: Quote) said Friday that it had completed the sale of 622,000 additional shares of common stock pursuant to the partial exercise of the over-allotment option in connection with the company's recently announced public offering, resulting in additional net proceeds to the company of $1.45 million after deduction of underwriting discounts.
During the recent public offering, including the underwriter's partial exercise of its over-allotment option, the company raised an aggregate of about $11.94 million in net proceeds, after deduction of underwriting discounts.
After giving effect to the shares issued in the offering, the company has about 44.02 million shares outstanding.
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by RTT Staff Writer
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