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GigOptix, Inc. Announces Proposed Public Offering of Common Stock to Support Enhanced Strategic Growth Through Acquisitions

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GigOptix, Inc. (NYSE MKT: GIG), a leading supplier of advanced semiconductor communications components for use in Cloud connectivity, data centers, and high-speed optical and wireless networks, today announced that it intends to offer newly issued shares of common stock in an underwritten public offering under an effective shelf registration statement on file with the Securities and Exchange Commission. In addition, certain officers and directors as selling stockholders are offering up to 282,000 shares of previously issued shares of common stock in the underwritten public offering under an effective equity incentive plan registration statement on file with the Securities and Exchange Commission. The offering is subject to market and other 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 expects to use the net proceeds from the offering of the shares which it is selling for potential acquisitions for strategic growth, including the acquisition of critical technologies and scalable businesses. The focus will be on multiple attractive global targets, including entities that the company has been tracking for the last couple of years.

Cowen and Company, LLC and Roth Capital Partners are acting as joint book-running managers for the offering. Craig-Hallum Capital Group LLC is acting as co-manager for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale 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. Copies of the preliminary prospectus supplement and accompanying base prospectus and reoffer prospectus relating to this offering may be obtained from Roth Capital Partners 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147, or Cowen and Company, LLC, c/o Broadridge Financial Services, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (631) 274-2806, or by fax (631) 254-7140, or by accessing the SEC's website, www.sec.gov.

Posted-In: News Offerings Press Releases

 

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