Emcore announces pricing of $31.2 million public offering of common stock

Alhambra, ca, feb. 10, 2021 (globe newswire) -- emcore corporation (nasdaq: emkr) today announced the pricing of an underwritten public offering of 5,787,037 shares of its common stock at a price to the public of $5.40 per share. all of the shares in the offering are being sold by emcore. the gross proceeds to emcore from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $31.2 million. the offering is expected to close on or about february 16, 2021, subject to customary closing conditions. in addition, emcore has granted the underwriters a 30-day option to purchase up to an additional 868,056 shares of its common stock at the public offering price, less underwriting discounts and commissions.
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