Broadwind Energy prices share issue at USD 0.40 p/s
Sep 16, 2011 - US wind turbine parts maker Broadwind Energy (NASDAQ:BWEN) today said it had priced its public offering of 32.5 million common shares at USD 0.40 apiece, expecting to raise net proceeds of USD 11.7 million (EUR 8.5m).
The company plans to use the proceeds for general corporate needs.
The offering is anticipated to close on or about September 21.
Lazard Capital Markets LLC is the sole book-running manager for the transaction.