87.5 F
San Fernando
Saturday, Jun 3, 2023

Capstone Shares Offering Valued at $29.5 Million

Microturbine manufacturer Capstone Turbine Corp. expects to raise $29.5 million through an offering of common stock. The Chatsworth-based company will use the money for product development, corporate growth and other general corporate purposes. The offering is for more than 21 million shares of common stock and warrant to purchase an additional 6.5 million shares of stock. Wachovia Capital Markets acted as placement agent for the offering and Northland Securities, Inc. acted as financial advisor.

Featured Articles

Related Articles