FuelCell Energy Inc (FCEL)

[krays]

Actually it’s a registration for 17m shares/warrants being issued at 24.2 CENTS!

The $2.30 you reference is the number used in the determination of registration fees and represents the share price on 6-25.

Orion will be holding the 17m shares at an effective purchase price of 24 CENTS!!

Wonder what they would take for them in the open market?

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This prospectus relates to the offer and sale from time to time by the selling stockholders named in this prospectus of up to 17,396,320 shares of our common stock, par value $0.0001 per share, of which (i) 8,000,000 shares are issuable upon the exercise of warrants that were issued in connection with and pursuant to our $200,000,000 senior secured credit facility entered into on October 31, 2019 (collectively, the “outstanding warrants”) and (ii) 9,396,320 shares were issued upon the cashless exercise of additional warrants issued in connection with and pursuant to such credit facility. The outstanding warrants are exercisable to purchase up to 8,000,000 shares of our common stock at an initial exercise price of $0.242 per share.


http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/13b67f58-295c-4b59-b7d3-8ccd95d6c02f.pdf