Ardour capital investments registration#
The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A preliminary prospectus supplement related to the offering was filed with the Securities and Exchange Commission. Ardour Capital Investments, LLC was a selling group member for the offering.Ī shelf registration statement relating to the above-described securities was previously filed with and declared effective by the Securities and Exchange Commission. Cowen and Company acted as the co-lead manager, and FBR Capital Markets & Co. Stifel acted as the sole book-running manager for the offering. This capital raise combined with the validation gained from the on-time completion of multi-megawatt fuel cell parks and an enhanced global manufacturing footprint put the Company in a strong position for continued growth.
"The larger projects which we have developed in our pipeline require working capital flexibility to have inventory available for installation with short lead-times as well as capital for meeting obligations related to the construction and operation of the projects. "We are well positioned to execute on our 2014 growth plan which includes closing over 30 megawatts of new orders and bidding on large scale projects in our existing markets," said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. FuelCell Energy intends to use the net proceeds from this offering for project development, project finance, working capital support and general corporate purposes. The total net proceeds to the Company after expenses All of the shares were offered and sold by FuelCell Energy at the public offering price of $1.25 per share.
Ardour capital investments full#
(Nasdaq:FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced today the completion of an underwritten public offering of 25.3 million shares of its common stock, including 3.3 million shares sold pursuant to the full exercise of an over-allotment option previously granted to the underwriters. 23, 2014 (GLOBE NEWSWIRE) - FuelCell Energy, Inc.
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