News

Raser Technologies announces US$25m equity offering

Thermo No1 plant, Utah (source: Raser)
Alexander Richter 8 Apr 2010

Raser Technologies, Inc. has filed a prospectus supplement under which it may sell shares of its common stock having an aggregate offering price of up to $25 million.

In a release by the company, “Raser Technologies, Inc. announced today that it has filed a prospectus supplement under which it may sell shares of its common stock having an aggregate offering price of up to $25 million, from time to time, through a Controlled Equity Offeringsm, or “at-the-market,” program. The shares would be offered through Cantor Fitzgerald as the sales agent.

Sales of common stock under the program, if any, would be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices or as otherwise agreed with the agent. The Company intends to use the proceeds from any sales for general corporate purposes.

The Company has filed a registration statement (including a prospectus) and a prospectus supplement with the Securities and Exchange Commission (the “SEC”) to enable the offering of common stock described in this communication.”

Source: Company release via Marketwatch