QuickLogic Raises Total Net Proceeds Of About $11.94 Mln From Stock Offering

Trade QUIK now with

6/29/2012 4:43 PM ET

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.

Click here to receive FREE breaking news email alerts for QuickLogic Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 67 Articles

Editors Pick

China Manufacturing Contraction Deepens In June

China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months.

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.