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Deal Note: Crowell & Moring Advises GigOptix on Underwritten Public Offering

Washington, D.C. – August 21, 2015: GigOptix, Inc., a leading supplier of advanced semiconductor communications components for use in Cloud connectivity, data centers, and high-speed optical and wireless networks, announced the pricing of its underwritten public offering of an aggregate of 9,218,000 newly issued shares of common stock at a price of $1.70 per share. GigOptix expects to receive gross proceeds of $15.67 million, before deducting underwriting discounts and other estimated offering expenses. The underwriters have also been granted a 30-day option to purchase up to 1,425,000 shares of common stock to cover over-allotments, if any. In addition, certain officers and directors as selling stockholders sold 282,000 shares of previously issued shares of common stock in the underwritten public offering at a price of $1.70 per share. Subject to customary conditions, the offering is expected to close on August 26, 2015. 

Crowell & Moring served as lead legal counsel to GigOptix in this transaction, and the team included: San Francisco partner Jeffrey C. Selman, Washington, D.C. partner Kelly G. Howard, San Francisco associate Joshua Reynolds, Washington, D.C. associate Jonathan Nesher, and San Francisco associate Robert M. Crea. K&L Gates served as counsel to the underwriters.

Contact(s):

An Pham
Manager, Media PR & Communications
+1 202.508.8740
Email: apham@crowell.com
Crowell & Moring LLP is an international law firm with more than 500 lawyers representing clients in litigation and arbitration, regulatory, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity. The firm has offices in Washington, DC, New York, Los Angeles, San Francisco, Orange County, London, and Brussels.

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