In company news, Pacific Ethanol (PEIX) rose 2.54% in late Thursday trade after announcing a deal raising $8 million for the ethanol producer through a sale of about 6.4 million shares of stock to a group of institutional investors. PEIX intends to use $4.6 million of the net proceeds to purchase an additional 7% ownership stake in New PE Holdco, the owner of the four Pacific Ethanol production facilities, boosting its overall stake to 34%.
I saw this in my streamer news this morning, however somebody on the peix board said this is old news and already in the filings. I haven't gone back to look for myself yet
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