Emcore announces closing of $35.9 million public offering of common stock

Alhambra, ca, feb. 16, 2021 (globe newswire) -- emcore corporation (nasdaq: emkr) today announced the closing of its underwritten public offering of 6,655,093 shares of its common stock, which includes the full exercise of the underwriters' option to purchase 868,056 additional shares of common stock, at a public offering price of $5.40 per share. all of the shares in the offering were sold by emcore. the gross proceeds to emcore from the offering, before deducting the underwriting discounts and commissions and other offering expenses, were approximately $35.9 million.
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