Our wholly owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. QuickLogic is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. "Increasing our credit facility provides us with enhanced operational flexibility for our business needs while recognizing our solid financial results and improving business outlook."Īdditional details on the terms of the amendment are available in the 8-K filed with the Securities and Exchange Commission on December 12, 2023. "We are pleased to have the continued support of Heritage Bank," said Chief Financial Officer, Elias Nader. Mike Hansen, Senior Vice President of Heritage Bank, commented, "We are pleased to be able to increase our commitment to QuickLogic and have greatly appreciated our long-term partnership with the Company." The Seventh Amendment increases the credit facility from $15M to $20M and extends the maturity date from Decemto December 31, 2025. 12, 2023 /PRNewswire/ - QuickLogic Corporation (NASDAQ: QUIK) (" QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that, effective December 8, 2023, it entered into a seventh amendment (the "Seventh Amendment") to its amended and restated credit facility, dated as of Decem(as amended, the "Credit Agreement") to increase the line of credit and extend the maturity date.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |