Sunrise Securities assists in raising funds for development, marketing
By Devika Patel
Knoxville, Tenn., March 5 - LiqTech International, Inc. priced a $27.08 million public offering of stock in a prospectus filed Monday with the Securities and Exchange Commission. The deal was announced Dec. 30.
The company will sell 8,333,333 common shares at $3.25 per share. The price per share is a 7.14% discount to $3.50, the March 2 closing share price.
Sunrise Securities Corp. is the agent.
Settlement is expected March 7.
Proceeds will be used for development and marketing, engineering, development and testing of membranes, opening local sales offices with test laboratories, building a new Asian facility, expansion, relocation and upgrades of the company's production capabilities, working capital, general corporate purposes and investments.
Based in Ballerup, Denmark, LiqTech is a clean technology company that provides state-of-the-art technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters.
| Issuer: | LiqTech International, Inc
|
| Issue: | Common stock
|
| Amount: | $27,083,332
|
| Shares: | 8,333,333
|
| Price: | $3.25
|
| Warrants: | No
|
| Agent: | Sunrise Securities Corp.
|
| Announcement date: | Dec. 30
|
| Pricing date: | March 5
|
| Settlement date: | March 7
|
| Stock symbol: | OTCBB: LIQT
|
| Stock price: | $3.50 at close March 2
|
| Market capitalization: | $75.6 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
