GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) intends to offer newly issued shares of common stock in an underwritten public offering under an effective shelf registration statement on file with the US Securities and Exchange Commission (SEC). The offering is subject to market and other 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, says the firm.
GigOptix expects to use the net proceeds from the offering for working capital and other general corporate purposes. The firm may also use a portion of the net proceeds for licensing or acquiring intellectual property or technologies to incorporate in its products, capital expenditures, to fund possible investments in and acquisitions of complementary businesses, partnerships, and minority investments.
Roth Capital Partners is acting as sole book-running manager for the offering. Craig-Hallum Capital Group is acting as co-lead manager.
