Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

GigOptix Receives NYSE Amex Conditional Approval

Photonics.com
May 2011
PALO ALTO, Calif., May 16, 2011 — High-performance electronic and electro-optic components supplier GigOptix Inc. has received conditional approval to list its common stock on the NYSE Amex Stock exchange, it announced recently.

Final approval of the company’s application is subject to enumerated conditions, including its merger with Endwave Corp., which it plans to close in the second quarter of 2011, as well as continued compliance with other listing requirements of the exchange. Specifically, the company said its common stock must maintain a market capitalization of $50 million, a minimum price of $2 per share and a public float of $15 million.

Its common stock will continue to trade on the Over-the-Counter Bulletin Board until all of the NYSE Amex listing conditions have been met. Once all conditions have been satisfied and the shares are officially traded on the NYSE Amex, its common shares will cease to be traded on the Over-the-Counter Bulletin Board.

“We are pleased to have renewed our conditional approval, which brings us closer to our goal of listing our common stock on a national securities exchange,” said Dr. Avi Katz, chairman of the board and chief executive officer. “Additionally, we view this listing as being beneficial to both our existing stockholders as well as Endwave’s holders in that it will increase GigOptix’s visibility, liquidity and suitability for a broader group of investors.”

For more information, visit: www.gigoptix.com   



GLOSSARY
electro-optics
1. The branch of physics that deals with the use of electrical energy to create or manipulate light waves, generally by changing the refractive index of a light-propagating material; 2. Collectively, the devices used to affect the intersection of electrical energy and light. Compare with optoelectronics.
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.