secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001437749-22-022780
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic raises ~$3.2M via registered direct offering of 487,279 shares at $6.57/share
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- Gross proceeds of $3.2 million from sale of 487,279 shares of common stock at $6.57 per share.
- Offering made without an underwriter or placement agent; shares purchased by current institutional investors.
- Proceeds to be used for working capital, development of next-gen eFPGA and AI products, and hiring engineers.
- CEO cites nearly $100 million sales funnel as the company drives toward profitability.
- Offering represents ~3.9% of shares outstanding as of September 14, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774922022780/0001437749-22-022780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774922022780/quicklo20220906b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-022780

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer