GUER), a leading provider of state-of-the-art RF and microwave semiconductors, today announced that it completed a private placement equity financing, selling approximately 2.0 million shares of its common stock and accompanying warrants to purchase up to 2.0 million shares of its common stock.
* Equity Financing and Related Transactions
* Company completes private placement equity financing and debt conversion; total transaction
* value of
* Company extends maturity of
The aggregate offering price per share and accompanying warrant sold in the private placement to accredited investors was
In connection with the capital raise, the Company's primary lender has extended the maturity of its
'We expect the funds from this capital raise should allow the Company to reach EBITDA break-even, and support our working capital needs and R&D initiatives, as we accelerate our growth through new market penetration and capitalize on our strong competitive position,' said
Company.
LLC.
The securities described above were offered in a private placement under Section 4(a)(2) of the SecuritiesAct of 1933, as amended (the 'Act'), and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Act or applicable state securities laws. Accordingly, the shares of common stock, the warrants and the underlying shares of common stock may not be offered or sold in
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
About
Founded in 2013,
frequency (RF) and microwave semiconductors for wireless OEMs in multiple high-growth market
segments, including network infrastructure for 5G/4G macro and small cell base stations,
cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity
wireless audio. The Company has an extensive portfolio of 100+ high-performance RF and microwave
semiconductor devices with 50+ new products in development. As one of the fastest-growing
semiconductor firms in the industry, Guerrilla RF drives innovation through its R&D to commercialization initiatives and focuses on product excellence and custom solutions to underserved markets. The Company has shipped over 200 million devices and has repeatedly been included in Inc. Magazine's annual 'Inc. 5000' list. Guerrilla RF recently made the top 'Inc. 500' list for the second year in a row.
For more information, please visit https://guerrilla-rf.com or follow the Company on Twitter and LinkedIn.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which
statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as 'expect,' 'believe,' 'estimate,' 'plan,' 'project,' 'anticipate,' or other statements concerning opinions or judgments of the Company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks,uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of several factors, including those described in the Company's filings with the
(C) 2024 Electronic News Publishing, source