QuickLogic raises $2.3M in registered direct offering of 450,000 shares

QUICKLOGIC Corp

Sold 450,000 shares of common stock at $5.14/share, a 1% discount to March 21 closing price.
Gross proceeds of approximately $2.3M; net proceeds for working capital and next-gen eFPGA/AI product development.
No commitments or agreements for any acquisitions; offering via Form S-3 shelf registration.
Institutional investors purchased shares; CFO Elias Nader signed the filing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUICKLOGIC Corp entered into Common Stock Purchase Agreements with certain institutional investors valued at approximately $2.3 million (effective 2023-03-21).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $2.3 million
Effective: 2023-03-21

Exact text from the filing

On March 21, 2023, Q uickLogic Corporation (the “Company”) entered into Common Stock Purchase Agreements with certain institutional investors for the sale of an aggregate of 450,000 shares of common stock, par value $0.001 (the “Common Stock”), in a registered direct offering.

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QUICKLOGIC Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-008056

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