FuelCell Energy: Neue wandelbare Vorzugsaktien
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FuelCell Energy Announces Pricing of $33.5 Million Convertible Preferred Stock Transaction
Sep 05, 2017
Transaction Supports Recently Awarded Utility Projects
DANBURY, Conn., -- FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, announced today that it has priced an underwritten offering of 33,500 shares of convertible preferred stock (the “Preferred”) with a stated value of $1,000 per share. The Preferred carries a 0.0% dividend and is convertible into common shares at $1.84 per common share. Each share of Preferred is being sold at a price of $895.52 for gross proceeds of $30.0 million.
“This financing further strengthens our balance sheet, supporting utility scale projects such as the recently announced 20 megawatt utility project in South Korea and the 40 megawatt utility award for Long Island, New York,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy.
FuelCell Energy intends to use the net proceeds from this offering for working capital, project financing, and general corporate purposes. The offering is expected to close on or about September 8, 2017, subject to the satisfaction of customary closing conditions.
Oppenheimer & Co. Inc. is acting as the sole underwriter for the offering.
A shelf registration statement relating to the above-described securities was previously filed with and declared effective by the U.S. Securities and Exchange Commission. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. When available, copies of the final prospectus supplement together with the base prospectus relating to this offering can be obtained at the Securities and Exchange Commission’s website at http://www.sec.gov or from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, by telephone at 212-667-8563, or by e-mail at EquityProspectus@opco.com.
This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of FuelCell Energy, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.