GaAs-based broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA is offering to sell shares of its common stock in an underwritten public offering.
Needham & Company LLC is acting as the sole bookrunning manager and Craig-Hallum Capital Group LLC is acting as co-manager. The offering is expected to price on or about 14 March.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Anadigics intends to use the net proceeds from the offering for working capital and general corporate purposes.
The shares are being offered by Anadigics pursuant to a shelf registration statement on Form S-3 previously filed with and subsequently declared effective by the US Securities and Exchange Commission (SEC). The securities may be offered only by means of a prospectus.
