QuickLogic Down 14% Pre-Market After Pricing Offering of Common Stock and Warrants

QuickLogic Corporation

is trading lower pre-market after the company announced pricing of its 4.5 million share offering together with warrants to purchase up to 2,025,000 shares of common stock. According to QuickLogic's news release, "the common stock and warrants will be sold in units, with each consisting of one share of common stock and a warrant to purchase 0.45 of a share of common stock, at a price of $2.50 per Unit." QuickLogic is currently trading at $2.57, down $0.41 or 13.76% pre-market.