EMCORE Announces Proposed Public Offering of Common Stock

Date Announced: 27 Sep 2012

Optoelectronic component and solar cell maker looks to raise cash.

ALBUQUERQUE, N.M., Sept. 27, 2012 (GLOBE NEWSWIRE) -- EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today that it intends to offer and sell, subject to market and other conditions, $8 million of its common stock in an underwritten public offering pursuant to an effective shelf registration statement.

EMCORE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered. The Company plans to use any proceeds from the offering for general corporate purposes.

In connection with the offering, B. Riley & Co., LLC is acting as sole underwriter. The offering of these securities will be made by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025.

A registration statement relating to the shares of common stock to be issued in this offering has been filed with the Securities and Exchange Commission (SEC) and is effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Emcore

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