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21 August 2015

GigOptix public offering to support enhanced strategic growth through acquisitions

GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) intends to offer newly issued shares of common stock in an underwritten public offering under an effective shelf registration statement on file with the US Securities and Exchange Commission (SEC).

In addition, certain officers and directors as selling stockholders are offering up to 282,000 shares of previously issued shares of common stock in the underwritten public offering under an effective equity incentive plan registration statement on file with the SEC.

The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

GigOptix expects to use the net proceeds from the stock offering for potential acquisitions for strategic growth, including the acquisition of critical technologies and scalable businesses. The firm says the focus will be on multiple attractive global targets, including entities that it has been tracking for the last couple of years.

Cowen and Company LLC and Roth Capital Partners are acting as joint book-running managers for the offering. Craig-Hallum Capital Group LLC is acting as co-manager.

Tags: GigOptix

Visit: www.gigoptix.com

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