ZBB Energy prices public offering

ZBB Energy (NYSEMKT:ZBB) has priced a public offering of 11,520,000 shares of common stock at a price of $1.12.

The underwriter, Craig-Hallum Capital Group, has exercised its option to purchase 1,728,000 additional shares of common stock to cover over-allotments.

Total gross proceeds of the offering are expected to be approximately $14.8M, and will total $13.5M after deducting the underwriter's discount and other expenses.

The offering is expected to close on or around August 27, 2014.

ZBB -13.2% premarket

Comments (2)
  • rtwl3840
    , contributor
    Comments (8) | Send Message
    This company is simply in the business of dilution with no product success in over 5 years.. Market should let this company die, third or fourth time this year alone causing dilution, capital raised is simply going to support the salaries of the exec's and board....Absolutely shameful.
    22 Aug 2014, 09:29 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
    I agree. I got out thankfully in the green.
    22 Aug 2014, 10:43 AM Reply Like
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