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Article: Broadwind Energy Files Registration Statement for Common Share Offering.
- Article from:
- Energy Weekly News
- Article date:
- November 20, 2009
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Broadwind Energy, Inc. (NASDAQ: BWEN) announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 15,000,000 shares of its common stock. In this offering, Broadwind proposes to sell 10,000,000 shares and Tontine Capital Partners, L.P., and certain of its affiliated funds (Tontine), propose to sell 5,000,000 shares. The underwriters have the option to purchase from Tontine and Broadwind CEO, J. Cameron Drecoll, up to an additional 2,250,000 shares of common stock on the same terms and conditions to cover over-allotments, if any.
Broadwind expects to use its anticipated net proceeds from ...
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