other material
confidence high
sentiment neutral
materiality 0.60
Birchtech prices $15M public offering of 6.25M shares at $2.40; uplists to NYSE American
Birchtech Corp.
- Gross proceeds of $15M from 6.25M shares at $2.40; net proceeds ~$13.1M (or $15.2M if overallotment exercised).
- CEO Richard MacPherson purchased $750k of shares (312.5k shares) in offering.
- Shares approved for NYSE American listing, trading begins Feb 26 under symbol BCHT; previously on OTCQB.
- 90-day lock-up on insiders; proceeds for operating expenses, working capital, general corporate purposes.