- Clean Diesel Technologies (CDTI) -10.8% premarket after announcing it is raising ~$6.9M in gross proceeds in an offering of ~2M shares of its common stock and warrants to purchase up to 812K shares of common stock at a combined price of $3.40/share and related warrants.
- CDTI plans to use the proceeds from the offering for general corporate purposes, including working capital, G&A expenses, capital expenditures and implementation of strategic priorities.
- CDTI had closed Monday down 10% from Friday, hurt by the company's report of another net loss for its latest Q4 despite higher revenue and gross margin.
From other sites
at Zacks.com (Mar 2, 2015)
at Benzinga.com (Feb 26, 2015)
at CNBC.com (Mar 11, 2014)
at MarketWatch.com (Nov 27, 2012)
at CNBC.com (Mar 12, 2012)
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