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- Press Release
LOS ANGELES, Oct 04, 2012 (BUSINESS WIRE) -- B. Riley & Co., LLC, (B. Riley) www.brileyco.com , a leading independent investment bank which provides a full array of corporate finance, research, sales and trading services announced that it acted as sole book-running manager in an approximately $10 million underwritten public offering for EMCORE Corporation.
The follow-on offering consisted of 1,832,410 shares of common stock priced at $5.46 per share, and included an overallotment of 239,010 shares, which the underwriter exercised in full. The offering closed on October 3, 2012.
Brad Nii and Bryant Riley led the B. Riley banking team for this transaction.
"B. Riley's knowledge of the optical components industry, relationships with investors who understand our sector, and distribution strength were key to EMCORE's decision to engage B. Riley," said Hong Hou, EMCORE's Chief Executive Officer and Director.
Albuquerque-based EMCORE offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels.
This communication 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.
About B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Boston and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com .
SOURCE: B. Riley & Co., LLC
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