Anadigics, Inc. (ANAD) said Wednesday that it is offering to sell shares of its common stock in an underwritten public offering.
The offering is expected to price on or about Thursday, March 14.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering, the company said.
Anadigics said it plans to use the net proceeds from the offering for working capital and general corporate purposes.
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