Deal sells common shares at $0.38 apiece with $1.8 million greenshoe
By Devika Patel
Knoxville, Tenn., June 14 - ZBB Energy Corp. priced a $12.01 million public offering of stock with a $1.8 million greenshoe in a prospectus filed Thursday with the Securities and Exchange Commission.
The company will sell 31.6 million common shares at $0.38 per share. The price per share reflects a 20.83% discount to the June 13 closing share price of $0.48.
MDB Capital Group LLC is the underwriter.
Settlement is expected June 19.
Proceeds will be used for working capital and general corporate purposes.
Based in Bibra Lake, Western Australia, ZBB develops energy storage technologies.
| Issuer: | ZBB Energy Corp.
|
| Issue: | Common stock
|
| Amount: | $12,008,000
|
| Greenshoe: | $1,801,200
|
| Shares: | 31.6 million
|
| Price: | $0.38
|
| Warrants: | No
|
| Underwriter: | MDB Capital Group LLC
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Stock symbol: | NYSE: ZBB
|
| Stock price: | $0.48 at close June 13
|
| Market capitalization: | $15.6 million
|
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