Power Solutions International announces closing of public offering
in the NewsDorner expands internationalreach with acquisition of Mexico-based Sautem Material Handling Education Foundation establishes Willard P. Heddles Memorial Scholarship Fund Unlock the Value of Your Supply Chain Through Embedded Analytics Freightos report takes deep dive into the ‘digitization’ of freight forwarding Making the Case: A Modern-Day Transportation Management System More News
Power Solutions International, Inc., a leader in the design, engineering and manufacture of emissions-certified alternative-fuel and conventional power systems, today announced the closing of its underwritten public offering of 2,005,000 shares of its common stock at a price to the public of $35.00 per share.
The company sold 1,050,000 shares of common stock, and certain selling stockholders sold 955,000 shares of common stock in the offering, which include 255,000 shares as a result of the full exercise by the underwriters of their over-allotment option. The net proceeds to the company were $34,655,250 before deducting offering expenses payable by the company.
The company did not receive any proceeds from the sale of the shares by the selling stockholders.
Craig-Hallum Capital Group LLC acted as sole book-running manager of the offering, with Roth Capital Partners, LLC acting as co-lead manager.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Top 20 Worldwide Materials Handling Systems Suppliers 2017 ERP Suppliers’ Changing Role View More From this Issue