Ikanos Announces Closing of Public Offering of Common Stock

Ikanos Announces Closing of Public Offering of Common Stock 
FREMONT, CA -- (Marketwired) -- 11/14/13 --   Ikanos Communications,
Inc. (NASDAQ: IKAN) today announced the closing of its underwritten
public offering of 25,000,000 shares of its common stock at a price
to the public of $1.00 per share on November 13, 2013. The net
proceeds to the Company from the offering are approximately $22.7
million, after deducting the underwriting discount and estimated
offering expenses. 
The Company intends to use the net proceeds of 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. 
Needham & Company, LLC acted as the sole book-running manager of the
offering. Craig-Hallum Capital Group acted as co-manager.  
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. This offering was 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. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including 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. 
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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