Pioneer Power Solutions Inc Announces Pricing Of Public Offering Of Common Stock And Listing On NASDAQ Capital Market

Thursday, 19 Sep 2013 07:56am EDT 

Pioneer Power Solutions, Inc. (Pioneer or the Company) announced the pricing of a public offering of 1,100,000 shares of common stock at a price of $7.00 per share. Closing of the offering is expected to occur on September 24, 2013, subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 165,000 shares of common stock from the Company to cover over-allotments, if any, all at the offering price less the underwriting discount. The Company also announced that, effective as of September 19, 2013, its common stock will begin trading on the Nasdaq Capital Market under the symbol "PPSI." In connection with its listing on the Nasdaq Capital Market, the Company's common stock will cease trading on the OTC Bulletin Board and the OTCQB. 

Company Quote

29 Sep 2014