secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001437749-24-037163
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic raises $3.25M in registered direct offering of 423,732 shares at $7.67 each
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- Sold 423,732 shares of common stock at $7.67 per share, a 3.0% discount to 5-day VWAP as of Dec 4, 2024.
- Gross proceeds of approximately $3.25 million; net proceeds for working capital and eFPGA product development including AI.
- Financing from institutional investors via Common Stock Purchase Agreements dated December 5, 2024.
- Offering made under effective Form S-3 registration statement (No. 333-266942) and prospectus supplement.
- No commitments or agreements for acquisitions or investments with the proceeds at this time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774924037163/0001437749-24-037163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774924037163/quicklo20241210_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-037163

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