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

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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.

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