GigOptix Inc. manufactures high-performance electro-optic components for fiber-optic systems. The company yesterday announced it has received clearance from the NYSE Amex stock exchange to apply for listing of its common stock.
Approval is granted after meeting various requirements, including the completion of the pending underwritten public offering, as well as GigOptix’ continued compliance with other regulatory conditions, including maintaining a minimum common stock price requirement of $3.
GigOptix has reserved the ticker symbol “GIG” for trading on the NYSE; the company’s common shares will continue to trade on the OTCBB under the symbol “GGOX” until the company meets all of the conditions required for trading on the NYSE. At that time, the company will no longer trade on the OTCBB under GGOX.
Chairman of the board and GigOptix CEO Dr. Avi Katz said the company believes the advancement to the NYSE exchange will benefit current and future shareholders.
“We are pleased to reach this significant milestone as part of the Company’s development and future growth initiatives,” Katz stated in the press release. “We believe that GigOptix listing on the NYSE Amex exchange will prove to be highly beneficial to our existing shareholders by increasing GigOptix’ visibility, liquidity and suitability for a broader group of institutional investors.”
For more information visit: www.gigoptix.com