Ikanos Prices Underwritten Public Offering of Common Stock

Ikanos Prices Underwritten Public Offering of Common Stock 
FREMONT, CA -- (Marketwired) -- 11/07/13 --  Ikanos Communications,
Inc. (NASDAQ: IKAN) today announced the pricing of an underwritten
public offering of 25,000,000 shares of its common stock at a price
to the public of $1.00 per share. Ikanos has also granted the
underwriters an option to purchase up to 3,750,000 additional shares
of its common stock to cover over-allotments, if any. After deducting
underwriting discounts and commissions and estimated offering
expenses payable by the Company, the Company expects to receive net
proceeds of approximately $22.7 million, assuming no exercise of the
over-allotment. The offering is expected to close on November 13,
2013, subject to customary closing conditions.  
Needham & Company, LLC is acting as the sole book-running manager of
the offering. Craig-Hallum Capital Group is acting as co-manager. 
Ikanos intends to use the net proceeds from the offering for working
capital and general corporate purposes and for capital expenditures.
In addition, Ikanos may use a portion of the net proceeds for
acquisitions of complementary businesses, technologies or other
assets. 
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy 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. The offering will be made only by means of a
prospectus, which may be obtained from Needham & Company, LLC, 445
Park Avenue, New York, NY 10022, by telephone at 800-903-3268, or by
email to prospectus@needhamco.com or Craig-Hallum Capital Group, 222
South Ninth Street, Suite 350, Minneapolis, MN 55402, by telephone at
612-334-6300, or by email to jack.mccarthy@craig-hallum.com. 
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on November 6,
2013. 
About Ikanos Communications, Inc.
 Ikanos Communications, Inc.
(NASDAQ: IKAN) is a leading provider of advanced broadband
semiconductor and integrated software products for the digital home.
The company's broadband DSL, communications processors and
 other
offerings power access infrastructure and customer premises equipment
for many of the world's leading network equipment manufacturers and
telecommunications service providers.  
Copyright 2013 Ikanos Communications, Inc. All Rights Reserved.
Ikanos Communications, Ikanos and the Ikanos logo are trademarks or
registered trademarks of Ikanos Communications. All other trademarks
are properties of their respective holders. 
Safe Harbor Statement  
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding the intended use of proceeds from the offering and
anticipated closing of the offering. These forward-looking statements
are subject to risks and uncertainties that may cause actual results
to differ materially, including satisfaction of closing conditions,
market conditions, our ability to maintain adequate cash and
short-term investment balances, our ability to comply with the
financial covenants in our credit agreement, unexpected future costs
and expenses, financing requirements and other risks detailed from
time to time in our filings with the SEC. These statements represent
our views only as of the date they are made and should not be relied
upon as representing our views as of any subsequent date. Ikanos
undertakes no obligation to update or revise these forward-looking
statements to reflect events or circumstances subsequent to date of
this press release. 
Ikanos Media Contact: 
Gary Good
Trainer Communications
(707) 837-1718
ikanos@trainercomm.com  
Investor Relations Contact:
MKR Group, Inc.
Todd Kehrli or Jim Byers
(323) 468-2300
ikan@mkr-group.com  
 
 
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