---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-022938"
form_type: "8-K"
ticker: "QUIK"
cik: "0000882508"
company_name: "QUICKLOGIC Corp"
filed_at: "2021-09-30T23:59:59+00:00"
generated_at: "2026-06-29T00:32:54.993065+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# QuickLogic raises $1.08M through private placements; Q3 revenue outlook raised to $3.8-3.9M

## Summary
- Two long-time investors purchased 198,664 shares at $5.43 each (no discount) for gross proceeds of ~$1.08M.
- Q3 fiscal 2021 revenue expected between $3.8M and $3.9M, moderately above prior guidance of $3.8M ±15%.
- Cash usage for Q3 expected at low end of prior $500K-$700K range, excluding the financing proceeds.
- Proceeds to fund working capital, eFPGA product development, AI and open-source hardware/software initiatives.
- Company targets profitability in early fiscal 2022, citing growing interest in its QORC open-source eFPGA initiative.

## SEC filing metadata
- accession: 0001437749-21-022938
- form_type: 8-K
- ticker: QUIK
- cik: 0000882508
- company_name: QUICKLOGIC Corp
- filed_at: 2021-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882508/000143774921022938/0001437749-21-022938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882508/000143774921022938/quicklo20210929_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-022938
- JSON: https://secwatch.observer/filing/0001437749-21-022938.json
- Plain text: https://secwatch.observer/filing/0001437749-21-022938.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.