EMCORE Corp. (EMKR) announced that it has entered into a committed equity financing facility under which it has the option to sell up to $25 million of its registered common shares to Commerce Court Small Cap Value Fund, Ltd. over a 24-month period. In connection with the equity financing facility, EMCORE has issued to Commerce Court 185,185 shares of common stock as a commitment fee and warrants to purchase 1.6 million shares of EMCORE common stock at prices that represent a 25%-75% premium over the market price at the time of closing.
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