GigOptix fills acquisitions war chest
Communications semiconductor and optical subsystem vendor GigOptix, Inc. (NYSE MKT: GIG) says it has closed a public offering of 9,218,000 newly issued shares of common stock at a price to the public of $1.70 per share. The process netted the company approximately $14.73 million after underwriting discounts and commissions. The proceeds will be directed toward acquisitions, the company says.