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Article: SmartHeat Inc. Completes $74,997,000 Underwritten Equity Offering at $9 Per Share.
- Article from:
- PR Newswire
- Article date:
- September 22, 2009
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NEW YORK, Sept. 22 /PRNewswire-Asia/ -- SmartHeat Inc. ("SmartHeat") (Nasdaq Global Market: HEAT; website: http://www.smartheatinc.com/), a market leader in China's clean technology, energy savings industry announced the closing today of its public offering of 8,333,000 shares of its common stock, which includes 1,086,913 shares sold as a result of the underwriters' exercise of their over-allotment option in full at closing. After underwriting discounts and commissions and offering expenses, the Company received net proceeds of US $69,507,210.
William Blair & Company, L.L.C. acted as the sole book running lead manager and BMO Capital Markets Corp. acted as ...