SUNNYVALE, CA--(Marketwire -06/29/12)- QuickLogic Corporation (QUIK), the lowest power programmable semiconductor solutions leader, today announced that it had completed the sale of 622,000 additional shares of common stock pursuant to the partial exercise of the over-allotment option in connection with the Company's recently announced public offering, resulting in additional net proceeds to the Company of $1.45 million after deduction of underwriting discounts.
During the Company's recent public offering, including the underwriter's partial exercise of its over-allotment option, the Company raised an aggregate of approximately $11.94 million in net proceeds, after deduction of underwriting discounts. After giving effect to the shares issued in the offering, the Company has 44,016,419 shares outstanding.
The Securities described above are being sold by QuickLogic pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), which was declared effective by the SEC on September 2, 2009, as amended on June 1, 2012 by a related 462(b) registration statement, and as supplemented by a prospectus supplement dated June 4, 2012 filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended.
Roth Capital Partners served as the sole manager for the offering. Copies of the final prospectus supplement and accompanying base prospectus can be obtained at the SEC's website at http://www.sec.gov or Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, (800) 678-9147, email: email@example.com or by writing or calling the Company at 1277 Orleans Drive, Sunnyvale, California 94089-1138, Attention: Ralph Marimon, Chief Financial Officer, (408) 990-4000.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in this offering. There shall not be any sale of these securities in any state or jurisdiction in which such offering, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
QuickLogic Corporation (QUIK) is the inventor and pioneer of innovative, customizable semiconductor solutions for mobile and portable electronics original equipment manufacturers (OEMs) and original design manufacturers (ODMs). These silicon plus software solutions are called Customer Specific Standard Products (CSSPs). CSSPs enable our customers to bring their products to market more quickly and remain in the market longer, with the low power, cost and size demanded by the mobile and portable electronics market. For more information about QuickLogic and CSSPs, visit www.quicklogic.com. Code: QUIK-G.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Statements made in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the proceeds the Company expects to receive from the offering and the closing of the offering. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
QuickLogic is a registered trademark and the QuickLogic logo is a trademark of QuickLogic Corporation.