The current and new institutional investors of QuickLogic Corporation (NASDAQ: QUIK) purchases, in separate private placement transactions, 3,10,000 shares or 2.6 per cent of the current shares outstanding, raising proceeds of nearly $1.48 million.
“We are pleased with the continued financial support we are receiving from both our long-time shareholders and investors who have followed QuickLogic for many years. They understand the tremendous opportunity we have with our Open Source initiatives,” said Brian Faith, President and CEO of QuickLogic. “Following our recent announcement that we would be at or above operating cash breakeven in Q4, these investors again reached out to us wanting to further support our efforts. With our pipeline of business growing, this additional capital adds greater financial resources to quickly execute on our growth and profitability objectives.”
As per a previous announcement, QuikLogic will host a conference call to discuss its fourth quarter and fiscal year 2021 results on February 16, 2022, at 5:30 p.m. ET/2:30 p.m. PT.
