ANADIGICS Prices Underwritten Public Offering of Common Stock

        ANADIGICS Prices Underwritten Public Offering of Common Stock

PR Newswire

WARREN, N.J., March 14, 2013

WARREN, N.J., March 14, 2013 /PRNewswire/ --ANADIGICS, Inc. (NASDAQ: ANAD)
(the "Company") today announced the pricing of an underwritten public offering
of 10,000,000 shares of its common stock at a price to the public of $2.00 per
share. The Company has also granted to the underwriters a 30-day option to
purchase (the "Option"), at the same price per share as the underwriters paid
for the initial shares, an additional 1,500,000 shares in connection with the
offering. After deducting the underwriting discount and estimated offering
expenses payable by the Company, the Company expects to receive net proceeds
of approximately $18.4 million, assuming no exercise of the Option.

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The offering is expected to close on March 19, 2013, subject to customary
closing conditions. Needham & Company, LLC is acting as the sole book-running
manager of the offering. Craig-Hallum Capital Group LLC is acting as

ANADIGICS intends to use the net proceeds from the offering for working
capital and general corporate purposes. The shares described above are being
offered by the Company pursuant to a shelf registration statement on Form S-3
previously filed with and subsequently declared effective by the Securities
and Exchange Commission. The securities may be offered only by means of a
prospectus. A preliminary prospectus supplement relating to the offering was
filed with the SEC on March 13, 2013 and a final prospectus supplement
relating to the offering will be filed with the SEC and will be available on
the SEC's website at Copies of the final prospectus
supplement and accompanying base prospectus relating to this offering may also
be obtained, when available, from Needham & Company, LLC, 445 Park Avenue, New
York, NY 10022, (800) 903-3268. Before you invest, you should read the final
prospectus supplement and the accompanying base prospectus and other documents
ANADIGICS has filed or will file with the SEC for more complete information
about ANADIGICS and the offering.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.


ANADIGICS, Inc. (ANAD) designs and manufactures innovative radio frequency
solutions for the growing cellular, WiFi, and infrastructure markets.
Headquartered in Warren, NJ, ANADIGICS offers RF products with exceptional
performance and integration to deliver a unique competitive advantage to OEMs
and ODMs for mobile device, base station, CATV infrastructure, CATV
subscriber, and industrial applications. The Company's award-winning solutions
include power amplifiers, front-end ICs, front-end modules, line amplifiers,
active splitters, tuners, and other RF components. For more information, visit

Safe Harbor Statement

Except for historical information contained herein, this press release
contains projections and other forward-looking statements (as that term is
defined in the Securities Exchange Act of 1934, as amended), including the
expected closing of the public offering and the intended use of proceeds from
the offering. These projections and forward-looking statements reflect the
Company's current views with respect to future events and financial
performance and can generally be identified as such because the context of the
statement will include words such as "believe", "anticipate", "expect", or
words of similar import. Similarly, statements that describe our future plans,
objectives, estimates or goals are forward-looking statements. No assurances
can be given, however, that these events will occur or that these projections
will be achieved and actual results and developments could differ materially
from those projected as a result of certain factors. You are cautioned that
any such forward-looking statements are not guarantees of future performance
and involve risk and uncertainties, as well as assumptions that if they
materialize or prove incorrect, could cause results to differ materially from
those expressed or implied by such forward-looking statements. Further, all
statements, other than statements of historical fact, are statements that
could be deemed forward-looking statements. We assume no obligation and do not
intend to update these forward-looking statements, except as may be required
by law. Important factors that could cause actual results and developments to
be materially different from those expressed or implied by such projections
and forward-looking statements include those factors detailed from time to
time in our reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year ended December
31, 2012, and those discussed elsewhere herein.


Contact: Terry Gallagher, Vice President and CFO, ANADIGICS Inc.,
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