News

15 June 2010

 

GigOptix receives conditional listing approval from NYSE Amex

GigOptix Inc of Palo Alto, CA, USA, which designs modulator and laser drivers and transimpedance amplifier (TIA) ICs based on III-V materials as well as polymer electro-optic modulators, has received clearance from the NYSE Amex stock exchange to file an application for listing of its common stock. Approval of the application is subject to certain enumerated conditions, including the completion of the pending underwritten public offering and GigOptix’s continued compliance with other listing requirements of the exchange, including maintenance of the common stock at or above the minimum price requirement of $3 per share.

GigOptix has reserved the ticker symbol ‘GIG’ for trading on the NYSE Amex. GigOptix common shares will continue to trade on the Over-the-Counter Bulletin Board under the symbol ‘GGOX’ until all of the conditions to trading on the NYSE Amex have been satisfied and the shares begin officially trading on the NYSE Amex, after which GigOptix common shares will no longer be traded on the Over-the-Counter Bulletin Board.

“We are pleased to reach this significant milestone as part of the Company’s development and future growth initiatives,” says GigOptix’s chairman & CEO Dr Avi Katz. “GigOptix listing on the NYSE Amex exchange will prove to be highly beneficial to our existing shareholders by increasing GigOptix’s visibility, liquidity and suitability for a broader group of institutional investors,” he believes.

Approval is contingent upon GigOptix being in compliance with all applicable listing standards on the date that it begins trading on the NYSE Amex exchange and may be rescinded if GigOptix is not in compliance with such standards or if any of the standards outside of its control are not satisfied.

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