Key Developments For Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. (HCCI.O) (Consolidated Issue listed on NASDAQ Global Market)
Heritage-Crystal Clean, Inc. to Explore Development of Re-Refinery
Heritage-Crystal Clean, Inc. announced that it has begun exploring entering the used lubricating oil re-refining business. Currently, the Company sells the used oil collected by its branches as fuel to electric utilities and asphalt plants. Entry into the used oil re-refining business would enable the Company to re-refine used oil into lubricating oil.
Heritage-Crystal Clean, Inc. IPO Raises $22 Million-Reuters
Reuters reported that Heritage-Crystal Clean, Inc. has raised $22 million with an initial public offering (IPO) that priced at the middle of a forecast range. The 1.9 million share offering sold for $11.50 per share compared with a forecast range of $10.50-$12.50. Underwriters, William Blair & Co and Piper Jaffray have the option to purchase an additional 287,100 shares to cover over-allotments. The Company, which is selling an additional 1.2 million shares to two of its existing stockholders, said it has been approved for listing on NASDAQ under the symbol HCCI.
Heritage-Crystal Clean, Inc. Sets IPO At 1.74 Million Shares-Reuters
Reuters reported that Heritage-Crystal Clean, Inc. set its planned initial public offering (IPO) at 1.74 million shares for an estimated price of $10.50 to $12.50 each. Heritage-Crystal plans to list its shares on the Nasdaq under the symbol HCCI.
