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Pacific Ethanol (PEIX) -31.1% premarket after announcing plans to offer an unspecified number of...

Pacific Ethanol (PEIX) -31.1% premarket after announcing plans to offer an unspecified number of units of common stock and warrants. The renewable fuels producer will use the proceeds to increase its ownership stake in New PE Holdco, which owns ethanol production facilities managed by PEIX, and for general corporate purposes.
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