Company sells shares at $4.50 apiece to fund working capital purposes
By Devika Patel
Knoxville, Tenn., Nov. 26 - Tecogen Inc. completed a $957,375 offering of its restricted common stock on Nov. 25, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 212,750 shares at $4.50 each.
Proceeds will be used for general corporate and working capital purposes.
Based in Waltham, Mass., Tecogen is a manufacturer of natural-gas-fueled, engine-driven, combined heat and power products that aim to reduce energy costs, greenhouse gas emissions and congestion on the national power grid.
Issuer: | Tecogen Inc.
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Issue: | Restricted common stock
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Amount: | $957,375
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Shares: | 212,750
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Price: | $4.50
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Warrants: | No
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Settlement date: | Nov. 25
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Stock symbol: | Nasdaq: TGEN
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