EMKR EMCORE Corporation

Securities Purchase Agreement

On February 15, 2023, EMCORE Corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with each purchaser identified on the signature pages thereto (the “Purchase Agreement”), pursuant to which the Company agreed to issue and sell, in a public offering (the “Offering”), an aggregate of 15,454,546 shares of its common stock, no par value (“Common Stock”), for a price of $1.10 per share. The net proceeds to the Company from the Offering will be approximately $15.4 million, after deducting the placement agent commission and other estimated offering expenses payable by the Company. The Offering is expected to close on February 17, 2023, subject to the satisfaction of customary closing conditions. The Purchase Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Placement Agency Agreement

On February 15, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (“A.G.P.”), pursuant to which A.G.P. agreed to serve as the exclusive placement agent for the issuance and sale of the shares of Common Stock sold in the Offering. The Company has agreed to pay A.G.P. a fee equal to 7.0% of the gross proceeds from the sale of shares of Common Stock offered in the Offering. Pursuant to the Placement Agency Agreement, the Company also agreed to reimburse A.G.P. for its documented out of pocket legal fees in an amount not to exceed $75,000, as well as non-accountable expenses equal to $15,000. The Placement Agency Agreement has indemnity and other customary provisions for transactions of this nature. A copy of the Placement Agency Agreement is attached as Exhibit 99.1 and incorporated herein by reference.

The foregoing is only a brief description of the terms of the Purchase Agreement and the Placement Agency Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder, and is qualified in its entirety by reference to the Purchase Agreement and Placement Agency Agreement that are filed as Exhibit 10.1 and Exhibit 99.1, respectively, to this Current Report on Form 8-K and incorporated by reference herein.

The Offering is being made pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-259090), including the related prospectus, that was filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2021 and declared effective on May 20, 2021, as supplemented by a prospectus supplement dated February 15, 2023. A copy of the legal opinion relating to the legality of the issuance and sale of Common Stock in the Offering is attached as Exhibit 5.1 to this Current Report on Form 8-K.

On February 15, 2023, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.