QuickLogic Corporation Announces Proposed Public Offering of Common Stock
SUNNYVALE, CA -- (Marketwired) -- 11/11/13 -- QuickLogic Corporation
(NASDAQ: QUIK), the innovator of ultra-low-power Customer Specific
Standard Products (CSSPs), today announced that it intends to offer,
subject to market and other conditions, newly issued shares of common
stock, $0.001 par value (the "Offering" with such shares being the
"Shares") in an underwritten public offering under an effective shelf
registration statement on file with the Securities and Exchange
Commission. The final terms of the Offering will depend on market and
other conditions at the time of pricing.
The Company expects to use the net proceeds from the Offering for
working capital and other general corporate purposes. The Company 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, minority
investments or to repay debts.
Roth Capital Partners is serving as the sole book-running manager for
the Offering and The Benchmark Company is acting as co-manager. The
Offering of the Shares may be made only by means of a preliminary
prospectus supplement and the accompanying prospectus, copies of
which can be obtained at the SEC's website at http://www.sec.gov or
Roth Capital Partners, 888 San Clemente, Newport Beach, California
92660, (800) 678-9147, or by writing or calling the Company at 1277
Orleans Drive, Sunnyvale, California 94089-1138, Attention: Ralph
Marimon, Chief Financial Officer, (408) 990-4000 when available.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in this offering.
There shall not be any sale of these securities in any state or
jurisdiction in which such offering, sale or solicitation would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
QuickLogic Corporation (NASDAQ: QUIK) is the inventor and pioneer of
innovative, customizable semiconductor solutions for mobile and
portable OEMs and ODMs. These silicon plus software solutions are
called Customer S
pecific Standard Products (CSSPs). CSSPs enable our
customers to bring their products to market more quickly and remain
in the market longer, with the low power, cost and size demanded by
the mobile and portable electronics market. For more information
about QuickLogic and CSSPs, visit www.quicklogic.com. Code: QUIK-G
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995
This press release contains statements that are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These include statements regarding, but not limited
to, the proceeds the Company expects to receive from the offering,
the expected uses of such proceeds from the offering and the closing
of the offering. Forward-looking statements can be identified by the
use of words such as "may," "will," "plan," "should," "expect,"
"anticipate," "estimate," "continue," or comparable terminology. Such
forward-looking statements are inherently subject to certain risks,
trends and uncertainties, including market conditions and future
decisions regarding the Company's use of cash resources, many of
which the Company cannot predict with accuracy and some of which the
Company might not even anticipate, and involve factors that may cause
actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on these
forward-looking statements and are advised to consider the factors
listed above together with the additional factors under the heading
"Disclosure Regarding Forward-Looking Statements" and "Risk Factors"
in the Company's Annual Reports on Form 10-K, as may be supplemented
or amended by the Company's Quarterly Reports on Form 10-Q. The
Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events, new
information or otherwise.
Ralph S. Marimon
Vice President of Finance
Chief Financial Officer
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