Archon Capital Management LLC sold EMKR
May 9, 2024 · Form 4 insider transaction
Archon Capital Management LLC sold 1,255,258 shares of EMCORE Corporation at $1.12 per share, a transaction worth $1.41M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
On April 2, 2024, the Issuer executed a 10:1 reverse stock split. The amount of shares and price reported in this filing reflect this reverse stock split.; The securities reported herein were held by multiple private funds. The reported securities may be deemed to have been beneficially owned by Archon Capital Management LLC, the investment manager of such private fund clients and Constantinos Christofilis, the managing member of Archon Capital Management LLC, each a Reporting Person. Archon Capital Management LLC and Constantinos Christofilis each disclaim having had beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that each Reporting Person was the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.