American DG shareholder to sell up to $2.31 million of common stock

Frost Gamma will sell 1 million common shares at up to $2.31 apiece

By Devika Patel

Knoxville, Tenn., April 25 - American DG Energy Inc. shareholder Frost Gamma Investments Trust may raise up to $2.31 million in a secondary public offering of stock, according to a Form S-3 filed Wednesday with the Securities and Exchange Commission.

Frost Gamma Investments will sell 1 million common shares at up to $2.31 apiece.

Based in Waltham, Mass., American DG Energy distributes and operates clean, onsite energy systems that produce electricity, hot water, heating and cooling.

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