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QuickLogic announces stock offering, shares -1.4% AH

Nov. 11, 2013 4:13 PM ETQuickLogic Corporation (QUIK) StockQUIKBy: Eric Jhonsa, SA News Editor
  • QuickLogic (NASDAQ:QUIK) hasn't yet disclosed the offering's size. The chipmaker says it will use the proceeds for "working capital and other general corporate purposes," and perhaps also the licensing/acquisition of IP. (PR)
  • QuickLogic had $14.9M in cash/equivalents at the end of Q3. The company had no long-term debt, but did possess a $1M revolving credit line.

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