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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Aug. 27, 6:34 PM

Slide #3. GigOptix, Inc. Secondary Offering

Company: GigOptix, Inc. (AMEX:GIG)
Date announced: 8/20/2015
Shares Offered: 9,218,000
Date of Pricing: 8/21/2015
Price Per Share: $1.70
Secondary Offering Details: 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. -updated 8/21- 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 the pricing of its underwritten public offering of an aggregate of 9,218,000 newly issued shares of common stock at a price of $1.70 per share. The Company expects to receive gross proceeds of $15.67 million, before deducting underwriting discounts and other estimated offering expenses. The underwriters have also been granted a 30-day option to purchase up to 1,425,000 shares of common stock to cover over-allotments, if any. The net proceeds to the Company from the offering of its shares are expected to be approximately $14.73 million after deduction of underwriting discounts and assuming no exercise of the underwriters' over-allotment option. In addition, certain officers and directors as selling stockholders sold 282,000 shares of previously issued shares of common stock in the underwritten public offering at a price of $1.70 per share. The Company is receiving none of the proceeds from the sale of shares by the selling stockholders. Subject to customary conditions, the offering is expected to close on August 26, 2015.

GigOptix is a supplier of semiconductor components that enable end-to-end information streaming over optical and wireless networks. Co.'s business is made up of two product lines: its High-Speed Communication (HSC) product line and its Industrial product line. Through its HSC product line, Co. designs and markets products that amplify electrical signals during both the transmission (amplifiers and optical drivers) and reception of optical signals in the transmission of data. Through its Industrial product line, Co. provides a range of digital and mixed-signal application specific integrated circuit solutions for industrial, military, avionics, medical and communications markets.
Open the GIG Page at The Online Investor »

Company Name:  GigOptix, Inc.
Website:  www.gigoptix.com
Sector:  Semiconductors
Number of ETFs Holding GIG:  1
Total Market Value Held by ETFs:  $140994
Total Market Capitalization:  $55.00M
% of Market Cap. Held by ETFs:  0.26%
 

Open the GIG Page at The Online Investor (in a new window) »

August 27, 2015    6:34 PM Eastern
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Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)
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