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Clean Diesel Technologies Inc Announces Underwritten Public Offering Of Common Stock And Warrants


Thursday, 27 Jun 2013 05:26pm EDT 

Clean Diesel Technologies Inc announced that it has commenced a registered public offering of shares of its common stock and warrants to purchase shares of common stock pursuant to its existing shelf registration statement, subject to market and other conditions. The Company also intends to grant the underwriter of the public offering an option to purchase additional shares and/or warrants to cover over-allotments, if any, exercisable for 30 days. The Sole Manager for the public offering is Roth Capital Partners, LLC. In addition, CDTi intends to concurrently convert $235,000 of principal and interest due June 30, 2013, pursuant to loans made to the Company by one of its principal lenders and shareholders, to common stock and warrants, and to sell $100,000 of common stock to one of its directors in a private placement. 

Company Quote

2.57
0.255 +11.02%
16 Apr 2014