Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: What was the purpose of the $300 million shelf financing?

KEY TAKEAWAYS

  • A shelf offering allows a company to register a new issue with the U.S. Securities and Exchange Commission (SEC) and sell the security over a three-year period instead of all at once.
  • This lets a company adjust the timing of the sales of a new issue to take advantage of more favorable market conditions should they arise in the future.
  • The company maintains any unissued shares as treasury stock, where they remain “on the shelf” until offered for public sale
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