Key Developments: ClearSign Combustion Corp (CLIR.PH)
9.16USD
16 May 2013
$-1.03 (-10.11%)
$10.19
$9.33
$9.33
$9.16
200
47
$10.19
$6.33
Latest Key Developments (Source: Significant Developments)
CLEARSIGN COMBUSTION CORP And Grandeg Announce Development Agreement
CLEARSIGN COMBUSTION CORP announced their intention to enter into a development agreement for the integration of ClearSign's ECC technology into Grandeg's line of commercial wood pellet boilers. Full Article
ClearSign Combustion Corporation Announces Underwriter's Exercise Of Over-Allotment Option
ClearSign Combustion Corporation announced that the underwriter, MDB Capital Group LLC, exercised in full its over-allotment option to purchase an additional 450,000 shares of the Company's common stock at a price of $4.00 per share, for gross proceeds of $1.8 million. The exercise of the over-allotment option brings the total initial public offering size to gross proceeds of $13.8 million. The exercise of the over-allotment option brings the total shares issued and outstanding of the Company's common stock to 8,731,216. Full Article
ClearSign Combustion Corporation Announces Completion Of Initial Public Offering Of Common Stock
ClearSign Combustion Corporation announced the completion of its previously announced public offering of 3,000,000 shares of its common stock. Gross proceeds to the Company of the public offering are $12 million. MDB Capital Group LLC acted as the underwriter for the offering. The securities described above were sold by the Company pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Full Article
ClearSign Combustion Corporation Announces Pricing Of Initial Public Offering Of Common Stock
ClearSign Combustion Corporation announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a per share price of $4.00. The gross proceeds from the offering are expected to be $12 million. The Company has also granted the underwriter a 45-day option to purchase up to an additional 450,000 shares of the Company's common stock to cover over-allotments, if any. If the total over-allotment is exercised, we expect gross proceeds to be $13.8 million. Subject to customary conditions, ClearSign Combustion expects to close the sale of its common stock on or about April 30, 2012. The Company's stock will commence trading on NASDAQ under the symbol CLIR on April 25, 2012. MDB Capital Group LLC is acting as the underwriter for the offering. Full Article
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