Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Capstone Shares Plunge After Pricing $8M Public Offering

Capstone Green Energy Corp (NASDAQ:CGRN) shares plunge after pricing the public offering consisting of ~2.93 million shares of its common stock…
byAkanksha Bakshi
August 19, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Capstone Green Energy Corp (NASDAQ:CGRN) shares plunge after pricing the public offering consisting of ~2.93 million shares of its common stock and accompanying warrants to purchase 2.93 million shares at a combined public offering price of $2.75 per share and accompanying warrant.
  • The warrants have an exercise price of $2.75 per share, are exercisable immediately, and will expire five years following the date of issuance.
  • The offering is expected to close on August 23, 2022.
  • The gross proceeds are expected to be ~$8 million. Capstone intends to use the net proceeds for general corporate purposes and growth initiatives, including expanding its Energy as a Service long-term rental fleet.
  • Price Action: CGRN shares are trading lower by 37% at $2.48 on the last check Friday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Kraken Grabs First Mover Advantage, Offers Trading Options Outside Crypto Assets

By Khyathi Dalal
September 27, 6:40 PM
After capturing a strong position in European crypto markets recently, Kraken is now awaiting approvals for stock and ETF trading in the U.S. and U.K. markets. What Happened? Kraken announced its plans to offer trading in U.S.-listed stocks and ETFs starting in 2024, the first time stepping outside its usual crypto zone after 12 years of operation.

HOOD