other_material
confidence high
sentiment neutral
materiality 0.60
Tecogen closes $19.9M public offering of 3.985M shares at $5.00 per share
TECOGEN INC.
- Closed underwritten public offering of 3,985,000 shares (including 485,000 overallotment) at $5.00/share.
- Net proceeds to Tecogen were approximately $18.16M after underwriting discounts and estimated expenses.
- Proceeds to fund product development, sales/marketing, and anticipated expansion into the data center market.
- Roth Capital Partners acted as sole manager and underwriter for the offering.
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