- 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.
Tesla Stock On Track Open At Lowest Since Early June: What’s Going On?
Tesla appears on track to open lower for a fourth straight session as fundamental and rising bond exert downward pressure on the stock.
