QuickLogic raises ~$3.56M via registered direct offering of 222,500 shares at $16.00

QUICKLOGIC Corp

Gross proceeds of approximately $3.56 million from sale of 222,500 shares of common stock at $16.00 per share.
Net proceeds to be used for working capital, development of next-gen eFPGA products including AI and open-source hardware/software.
Per share purchase price reflects zero discount based on 10-day volume weighted average price on pricing date.
Offering conducted under existing effective S-3 shelf registration statement (Registration No. 333-266942).

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 and their affiliated entities valued at gross proceeds of approximately $3.56 million (effective 2024-03-13).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors and their affiliated entities
Value: gross proceeds of approximately $3.56 million
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, QuickLogic Corporation (the “Company”) entered into Common Stock Purchase Agreements with certain institutional investors and their affiliated entities for the sale of an aggregate of 222,500 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 0001437749-24-008325

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