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LiqTech International down 15% on pricing its upsized equity offering

May 22, 2019 8:27 AM ETLiqTech International, Inc. (LIQT) StockBy: Niloofer Shaikh, SA News Editor
  • LiqTech International (NASDAQ:LIQT) has priced its upsized offering of 1,931,035 shares of its common stock at $7.25 per share, for total gross proceeds of ~$14M.
  • Underwriters over-allotment is an additional 284,827 shares.
  • Closing date is on or about May 24.
  • The company intends to use the net proceeds to fund the growth of the business, for general corporate purposes, and the potential insourcing of currently outsourced manufacturing.
  • LIQT -14.73% premarket.

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