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Capstone Announces Closing of $11.5 Million Bought Deal Offering of Common Stock and Full Exercise of the Option to Purchase Additional SharesCapstone Announces Closing of $11.5 Million Bought Deal Offering of Common Stock and Full Exercise of the Option to Purchase Additional Shares June 22, 2021 Download as PDF VAN NUYS, CA / ACCESSWIRE / June 22, 2021 / Capstone Green Energy Corporation (NASDAQ:CGRN) ("Capstone", or the "Company"), a global leader in carbon reduction and on-site resilient green energy solutions, today announced the closing of its previously announced public offering of 2,190,477 shares of its common stock, including the exercise in full by the underwriter of its option to purchase an additional 285,714 shares of common stock, at a price to the public of $5.25 per share, less underwriting discounts and commissions. H.C. Wainwright & Co. acted as the sole book-running manager for the offering. The gross proceeds of the offering were approximately $11,500,000, before deducting underwriting discounts and commissions and offering expenses payable by Capstone. Capstone intends to use the net proceeds from the offering for working capital, general corporate purposes and growth initiatives, including organic growth and potential future acquisitions. However, the Company has no present arrangements, agreements or understanding in principle of any such acquisitions. A shelf registration statement on Form S-3 (File No. 333-254547) relating to the shares of common stock that were offered was filed with the U.S. Securities and Exchange Commission (the "SEC") on March 22, 2021, and became effective on April 14, 2021. The offering was made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement. A final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC's website, located at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus may also be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, by email at placements@hcwco.com or by phone at (212) 856-5711. |
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Msg # | Subject | Author | Recs | Date Posted |
88567 | Re: Capstone Announces Closing of $11.5 Million Bought Deal Offering of Common Stock and Full Exercise of the Option to Purchase Additional Share laddies | LDM | 1 | 6/22/2021 4:24:58 PM |