QuickLogic (QUIK) Registration Filing summary

Company overview and business model

• Provides programmable silicon and software platforms, including embedded FPGA IP, SoCs, and discrete FPGAs for custom hardware development in markets such as Aerospace/Defense, IoT, and Consumer Electronics.

• Monetizes technology through hardware sales, per unit royalties, and IP licenses, with professional engineering services as needed.

• Discontinued operations at SensiML subsidiary in Q1 2025 and is exploring sale options for SensiML or its assets.

• Collaborates with major semiconductor and technology partners for co-marketing and co-selling initiatives.

• Markets products globally through direct sales, distributors, and representatives, with a focus on strategic accounts.

Financial performance and metrics

• As of June 29, 2025, net tangible book value was $24 million or $1.46 per share.

• After a $20 million offering at $5.82 per share, adjusted net tangible book value would be $0.45 per share, resulting in immediate dilution of $5.37 per share to new investors.

• 16,426,948 shares of common stock were outstanding as of August 8, 2025.

Use of proceeds and capital allocation

• Net proceeds will be used for general corporate and working capital purposes, including potential technology licensing, acquisitions, or investments, but no current commitments exist.

• Management has broad discretion over allocation of proceeds; pending use, funds will be invested in investment-grade, interest-bearing securities.