Giga-tronics (OTCQB: GIGA), a producer of sophisticated test and measurement equipment, recently closed its underwritten public offering of 10,400,000 shares of its common stock sold at the public offering price of $0.25 each, resulting in the gross proceeds of roughly $2.6 million to the company. The offering included 90,000 shares pursuant to a partial exercise of the over-allotment option. ROTH Capital Partners acted as sole book-running manager for the offering.
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About Giga-tronics Incorporated
Giga-tronics produces sophisticated test and measurement equipment primarily used in electronic warfare test and emulation applications as well as YIG (Yttrium, Iron, Garnet) tuned oscillators, RADAR filters, and microwave synthesizers for use in military defense applications. For more information, visit the company’s website at www.Gigatronics.com.
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