ANADIGICS Files Shelf Registration Statement on Form S-3
ANADIGICS Files Shelf Registration Statement on Form S-3
WARREN, N.J., Dec. 2 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. (NASDAQ:ANAD), today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission registering the resale of up to $38.0 million aggregate principal amount of its 5.00% Convertible Senior Notes due 2009 and the shares of the Company's common stock issuable upon conversion of the notes.
The registration statement was filed pursuant to the terms of a registration rights agreement entered into on September 24, 2004 in connection with the sale of the notes in a private placement under Rule 144A of the Securities Act of 1933, as amended. The Company will not receive any proceeds from the resale of the notes or the shares of the Company's common stock issuable upon conversion of the notes.
The registration statement relating to the resale of the notes and the shares of common stock issuable upon conversion of the notes has been filed with the Securities and Exchange Commission, but has not yet become effective. When the registration statement is declared effective, it will cover the resale of the notes and the shares of common stock issuable upon conversion of the notes by the security holders listed in the prospectus.
Public resale of the notes and the shares of common stock issuable upon conversion of the notes may not be made nor may offers from the public to buy be accepted prior to the time the registration statement becomes effective. This press release is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such an offer, solicitation or sale is unlawful.
ANADIGICS, Inc. (NASDAQ:ANAD) designs and manufactures radio frequency integrated circuit (RFIC) solutions for growing broadband and wireless communications markets. The Company's innovative high frequency RFICs enable manufacturers of communications equipment to enhance overall system performance, and reduce manufacturing cost and time to market. By utilizing state-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves the high-volume and cost-effective products required by leading companies in its targeted high-growth communications markets. ANADIGICS was the first GaAs IC manufacturer to receive ISO 9001 certification and is certified to the ISO 9001:2000 quality standard.
Source: ANADIGICS, Inc.
CONTACT: Allan Fliss of Richartz Fliss Clark & Pope, +1-973-627-8180,
fax, +1-973-627-8410, fliss@rfcp.com, for ANADIGICS, Inc.; Brian Ribeiro,
+1-908-668-5000, fax, +1-908-412-5978 bribeiro@anadigics.com, Investor
Relations - Thomas Shields, +1-908-412-5995, tshields@anadigics.com, both of
ANADIGICS, Inc.
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