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Article: UQM Technologies Announces Exercise of Over-Allotment Option and Closing of Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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UQM Technologies, Inc. (NYSE Amex:UQM), a developer of alternative energy technologies, announced that the underwriters of the Company's recent public offering of common stock exercised in full their over-allotment option to purchase an additional 1,125,000 shares of the Company's common stock at the previously announced public offering price of $4.00 per share, less underwriting discounts and commissions. The option was granted in connection with the Company's public offering of 7,500,000 shares. The closing of the sale of all 8,625,000 shares by the Company to the underwriters occurred earlier today.
Piper Jaffray & Co. acted as the sole book-running manager ...
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