- PowerSecure (POWR) falls 4% AH following a 6.7% regular session drubbing.
- The company says it intends to sell $44M worth of shares in a public offering (220K shares to be offered by CEO Sidney Hinton).
- The proceeds of the offering will go towards "working capital, capital expenditures, acquisitions" and, ironically, share repurchases. (PR)
PowerSecure to offer shares, stock drops
Aug 15 2013, 16:30 ET