Roth Capital Partners helps raise funds for general corporate purposes
By Devika Patel
Knoxville, Tenn., April 30 - Hydrogenics Corp. said it priced a $6.01 million public offering of stock with a $900,938 greenshoe. The deal was announced Monday.
The company will sell 775,000 common shares at $7.75 per share. The price per share is a 5.26% discount to the April 29 closing share price of $8.18.
Roth Capital Partners, LLC is the sole manager.
Settlement is expected May 3.
Proceeds will be used for general corporate purposes.
Based in Mississauga, Ont., Hydrogenics is a developer and provider of hydrogen generation and fuel cell products and services.
Issuer: | Hydrogenics Corp.
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Issue: | Common stock
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Amount: | $6,006,250
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Greenshoe: | $900,938
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Shares: | 775,000
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Price: | $7.75
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Warrants: | No
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Manager: | Roth Capital Partners, LLC
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Announcement date: | April 29
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Pricing date: | April 30
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Settlement date: | May 3
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Stock symbol: | Nasdaq: HYGS
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Stock price: | $8.18 at close April 29
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Market capitalization: | $64.53 million
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