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 145 Articles Next>>

Editors Pick

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.

Obama Announces Another $300 Million In Humanitarian Assistance For Syrians

President Barack Obama has announced that the U.S. will provide $300 million in additional humanitarian assistance to help people affected by the ongoing conflict in Syria. The announcement came during Obama's meeting with G-8 leaders in Northern Ireland, which has largely focused on how to address the civil war between rebels and forces loyal to Syrian President Bashar al-Assad.