Raser Technologies files universal shelf registration for fund raising purposes
Raser Technologies, Inc. announced the filing of a universal shelf registration statement with the SEC, which would permit the company, from time to time, to offer and sell various types of securities, up to a value of US$150 million.
As announced by the company, “Raser Technologies, Inc. (NYSE: RZ), (…) announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission, which, upon being declared effective, will permit the company, from time to time, to offer and sell various types of securities, up to a value of US$150 million.
The company filed the registration statement to gain additional flexibility in accessing capital markets for advancing its development efforts and for general corporate purposes.
Brent M. Cook, CEO of Raser, said, “This shelf registration represents a practical and efficient way to access the capital markets. The registration statement will give us the flexibility to issue public debt, preferred stock, common stock or a combination of these instruments in one or more future public offerings. This is consistent with our overall financing strategy of positioning the company to take advantage of various alternative financing opportunities, including joint ventures, pre-paid power purchase agreements and current government alternative energy financing programs.”
As usual the company issues the necessary disclaimer, which is part of the original announcement. See link below.
Source: Company announcement via Business Wire