EMCORE Corporation designs and manufactures Indium Phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market. The company was founded in 1984 and is based in Alhambra, California.
EMCORE Corporation (EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s leading-edge defense systems and high-speed communication network infrastructures, announced it has entered into a purchase agreement for a sale and leaseback transaction. Under the terms of the purchase agreement, EMCORE agreed to sell its property in Concord, California for a total purchase price of $13.4 million. EMCORE anticipates that the close of the sale and leaseback transaction will occur in the first calendar quarter of 2020, subject to satisfaction of certain customary closing conditions for transactions of this type.
EMCORE Corporation (EMKR) today announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”). Under the shelf registration statement, once declared effective by the SEC, EMCORE may offer and sell from time to time, in one or more offerings, common stock, preferred stock, debt securities, warrants, rights to purchase any of the foregoing securities, or units comprised of two or more of these classes or series of securities. The aggregate offering price of all securities that may be sold under the registration statement will not exceed $30,000,000.