Clean Energy (CLNE)

[harr449]

Updated: 09-Jun-21 06:21 ET

CLNE: Clean Energy Fuels updates ATM programs; at this time the Company has no plans to implement a new at-the-market equity offering program (9.90)
On June 8, 2021, the co sold 10,473,946 shares of common stock under the at-the-market equity offering program it announced on June 7, 2021, and exhausted the New ATM Program in full. The Company received gross proceeds of $99,999,744 from the New ATM Program. In the aggregate, the Company issued 22,836,183 shares of Common Stock and received gross proceeds of $199,999,720 pursuant to the New ATM Program and the Prior ATM Program. As previously disclosed, the Company intends to use the net proceeds from the New ATM Program and the Prior ATM Program for developing and acquiring renewable natural gas production projects, building fueling stations to support contracted RNG fueling volume, and general corporate purposes.
At this time the Company has no plans to implement a new at-the-market equity offering program to raise additional capital. Any decision by the Company to access the capital markets in the future will be based upon all relevant factors at the time, including conditions in the public trading market for the Company's securities, as well as the Company's financial position, results of operations, cash flows, and capital requirements.

https://www.briefing.com/in-depth-analysis/Content/Article?ArticleId=IN20210609062127CLNE