EMCORE announces pricing of $17 million public offering of common stock

EMCORE announced the pricing of a public offering of 15,454,546 shares of its common stock at a price of $1.10 per share. All of the shares in the offering are being sold by EMCORE. The gross proceeds to EMCORE from the offering, before deducting the placement agent fees and other offering expenses, are expected to be approximately $17 million. The offering is expected to close on or about February 17, 2023, subject to customary closing conditions.

A.G.P./Alliance Global Partners is acting as sole placement agent for the offering on a best-efforts basis.

A shelf registration statement on Form S-3 (File No. 333-256090) relating to the shares was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective on May 20, 2021. The offering will be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering have been filed with the SEC, and the final prospectus supplement will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.