GigOptix Prices 8.325M Share Offering at $1.42/Share

GigOptix GIG today announced the pricing of its underwritten public offering of an aggregate of 8,325,000 newly issued shares of common stock at a price of $1.42 per share. The Company expects to receive gross proceeds of $11.8 million, before deducting underwriting discounts and other estimated offering expenses. The underwriters have also been granted a 30-day option to purchase up to 1,248,750 shares of common stock to cover over-allotments, if any. The net proceeds to the Company from the Offering are expected to be approximately $11.0 million after deduction of underwriting discounts and assuming no exercise of See full press release