Key Developments: Clean Diesel Technologies Inc (CDTI.PH)

CDTI.PH on Philadelphia Stock Exchange

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26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Clean Diesel Technologies Inc to raise about $4.4 mln
Tuesday, 4 Nov 2014 09:29am EST 

Clean Diesel Technologies Inc:Says it has raised about $4.4 mln in gross proceeds in an offering of shares of its common stock and warrants to a single institutional investor.Says net proceeds from the sale of the shares and warrants, after deducting the placement agent fees and other estimated expenses payable by CDTi, will be about $3.8 mln, which does not include any potential proceeds from the cash exercise of any warrants.Says it intends to use the net proceeds for general corporate purposes, including, but not limited to, working capital, general and administrative expenses, capital expenditures and implementation of strategic priorities.Says Cowen and Company, LLC served as placement agent.Says offering is expected to close on or about Nov. 7.  Full Article

Clean Diesel Technologies Inc to focus business through sale of standard exhaust and specialty parts asset
Tuesday, 21 Oct 2014 08:00am EDT 

Clean Diesel Technologies Inc:Has sold substantially all of assets of its Reno, Nevada-based standard exhaust and specialty parts business on Oct. 20.Says sale for about $1.3 mln in cash, subject to certain working capital adjustments.  Full Article

Clean Diesel Technologies Inc announces resignation of Chairman - Form 8-K
Tuesday, 30 Sep 2014 09:01am EDT 

Clean Diesel Technologies Inc:Says on Sept. 29, Alexander Ellis III the company of his resignation as a member and chairman of the board of directors of the company and a member of the audit and compensation and nominating committees of the board of directors of the company, effective Sept. 29.  Full Article

Clean Diesel Technologies Inc appoints new Chief Financial Officer
Thursday, 31 Jul 2014 05:03pm EDT 

Clean Diesel Technologies Inc:Announces that it has promoted David E. Shea to Chief Financial Officer, effective July 31, 2014.  Full Article

Clean Diesel Technologies Inc announces appointment of Christopher J. Harris as President and CEO
Monday, 7 Jul 2014 04:15pm EDT 

Clean Diesel Technologies Inc:Announced that its Board of Directors has named Christopher J. Harris as its new President and Chief Executive Officer.  Full Article

Clean Diesel Technologies Inc to raise about $6.9 million
Tuesday, 1 Apr 2014 08:40am EDT 

Clean Diesel Technologies Inc:Is raising about $6.9 million in gross proceeds in an offering of 2,030,000 shares of its common stock and warrants to purchase up to 812,000 shares of common stock at a combined price to the public of $3.40 per share and related warrant.The warrants are exercisable after six months from the date of issuance at an exercise price of $4.20 per share and will expire, unless exercised, five and a half years from the date of issuance.  Full Article

Clean Diesel Technologies Inc announces management change
Tuesday, 10 Dec 2013 04:05pm EST 

Clean Diesel Technologies Inc:Says Craig Breese has resigned his position as President, Chief Executive Officer and a member of the Board of Directors to pursue other opportunities.Says Office of the Chief Executive Officer will be filled by Nikhil A. Mehta, CDTi's Chief Financial Officer, and Pedro J. Lopez-Baldrich, CDTi's General Counsel and Vice President of Administration.Says Mehta and Lopez-Baldrich will temporarily assume the responsibilities of the Chief Executive Officer and will report directly to the Board of Directors.  Full Article

Clean Diesel Technologies Inc and Pirelli & C. Ambiente SpA Agree to Dissolve Joint Venture
Tuesday, 12 Nov 2013 07:45am EST 

Clean Diesel Technologies, Inc announced that it has agreed with Pirelli & C. Ambiente SpA to voluntarily dissolve their joint venture, Eco Emission Enterprise Srl (E-Cube) , in accordance with their Joint Venture Agreement dated February 19, 2013. E-Cube was established as a joint venture to market and sell emissions control products for both gasoline and diesel applications in Europe and the CIS countries. The dissolution of E-Cube is expected to be completed as soon as practicable and CDTi plans to resume its operations in Europe in a similar manner as conducted prior to the joint venture.  Full Article

Clean Diesel Technologies Inc Announces Platinum Group Metal Catalyst Technology Approved For Patent Grant
Tuesday, 23 Jul 2013 08:30am EDT 

Clean Diesel Technologies, Inc. announced that the United States Patent and Trademark Office has approved an important patent to its Zero-Platinum Group Metal (ZPGM) Catalyst Technology. This newly allowed patent strengthens CDTi's ZPGM intellectual property ("IP") position for emissions control catalysts, free of platinum group metals ("PGM").  Full Article

Clean Diesel Technologies Inc Announces Closing of Underwritten Public Offering of Common Stock and Warrants
Wednesday, 3 Jul 2013 01:34pm EDT 

Clean Diesel Technologies Inc announced that it has closed its previously announced offering of shares and warrants (the Offering). The Offering was fully subscribed and the underwriter partially exercised its over-allotment option. A total of 1,730,000 shares of common stock were sold at a price of $1.245 per share and warrants to purchase up to 865,000 shares were sold at a price per warrant of $0.01, including 130,000 shares and 65,000 warrants upon partial exercise of the underwriter's over-allotment option. The warrants have an exercise price of $1.25 per share, and are exercisable immediately for a period of five years. CDTi received net proceeds from the Offering of approximately $1.7 million after deducting discounts and commissions to the underwriter and estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include working capital, general and administrative expenses, capital expenditures and implementation of its strategic priorities. Roth Capital Partners, LLC acted as Sole Manager for the Offering.  Full Article

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