Green Plains falls 6% amid pricing upsized $152M stock offering

• Green Plains (GPRE -6.3%) upsized and priced its common stock offering at $32 per share to raise $152M.
• The biorefining company had previously announced a $150M offering.
• The net proceeds,~$143.3M, are expected to be used for growth investments to accelerate its downstream development opportunities.
• Green Plains (GPRE -6.3%) granted the underwriters a 30-day option to buy up to an additional 712.5K shares.
• The offering is expected to close on Aug. 9.
• Source: Press Release