Emcore Faces Credit Agreement Disputes and Board Changes
Company Announcements

Emcore Faces Credit Agreement Disputes and Board Changes

An update from Emcore (EMKR) is now available.

EMCORE Corporation was notified of alleged defaults under its Credit Agreement by its lenders, citing issues including failure to provide certain financial documents and projections, and not notifying about interest payment decisions. The company disputes some claims, acknowledging and rectifying others, and is in discussions to resolve these issues. Additionally, there have been changes to the company’s Board of Directors, with a resignation and new appointments to its committees.

For an in-depth examination of EMKR stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyCraig-Hallum upgrades Emcore to Buy, raises price target to $3
TheFlyEmcore upgraded to Buy from Hold at Craig-Hallum
TheFlyEmcore confirms receipt of unsolicited, non-binding proposal from Mobix Labs
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App