Included were 1,350,000 shares issued pursuant to the exercise in full of the underwriter's overallotment option, at a price to the public of $3.90 per share.
The net proceeds to Satcon from the sale of the shares, after deducting underwriting discounts and commissions and estimated offering expenses, were said to be around $37.5 million.
Jefferies & Company, Inc. acted as the sole book-running manager for the offering.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
Becky Beetz
[javascript protected email address]
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.