Thursday, May 01, 2014 9:26:49 AM
CPST Intraday
2.06 4/30
Capstone Turbine Announces Common Stock Offering
CHATSWORTH, Calif., May 1, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (CPST) (the "Company") today announced that it has entered into an underwriting agreement to sell 18,825,000 shares of its common stock at a price to the public of $1.70 per share for gross proceeds of approximately $32.0 million. The shares were allocated to a single institutional investor. The net proceeds from the sale of the shares, after underwriting discounts and commissions, will be approximately $30.2 million. The offering is expected to close on or about May 6, 2014, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the offering to fund general working capital requirements and for other general corporate purposes
Intraday
2.06 4/30
Capstone Turbine Announces Common Stock Offering
CHATSWORTH, Calif., May 1, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (CPST) (the "Company") today announced that it has entered into an underwriting agreement to sell 18,825,000 shares of its common stock at a price to the public of $1.70 per share for gross proceeds of approximately $32.0 million. The shares were allocated to a single institutional investor. The net proceeds from the sale of the shares, after underwriting discounts and commissions, will be approximately $30.2 million. The offering is expected to close on or about May 6, 2014, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the offering to fund general working capital requirements and for other general corporate purposes
Intraday
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