GigOptix Inc. (OTCBB: GGOX) says it has received conditional approval to list the electronic and electro-optic component maker’s common stock on the NYSE Amex stock exchange. Final approval is subject to the closing of its merger with Endwave Corp. as well as continued compliance with other listing requirements. These requirements include that its common stock maintains:
- a market capitalization of $50 million
- a minimum price of $2.00 per share
- a public float of $15 million.
The company announced its intent to purchase Endwave, -- a provider of high-frequency RF products for the wireless mobile backhaul communications, satellite communications, electronic instruments, and defense and security markets – this past February (see “GigOptix to expand into wireless with Endwave acquisition”). Endwave currently is listed on NASDAQ, trading under ENWV. GigOptix expects to close the Endwave acquisition in the second quarter of this year.
GigOptix has reserved the ticker symbol "GIG" for trading on the NYSE Amex. While it’s waiting for final approval, GigOptix’s common shares will continue to trade on the Over-the-Counter Bulletin Board under the symbol "GGOX."