Clean Diesel Tech (CDTI) Announces Common Stock Offering

June 27, 2013 5:27 PM EDT
Clean Diesel Technologies, Inc. (Nasdaq: CDTI) ("CDTi" or the "Company") announced today that it has commenced a registered public offering of shares of its common stock and warrants to purchase shares of common stock pursuant to its existing shelf registration statement, subject to market and other conditions. The Company also intends to grant the underwriter of the public offering an option to purchase additional shares and/or warrants to cover over-allotments, if any, exercisable for 30 days. The Sole Manager for the public offering is Roth Capital Partners, LLC.

In addition, CDTi intends to concurrently convert $235,000 of principal and interest due June 30, 2013, pursuant to loans made to the Company by one of its principal lenders and largest shareholders, to common stock and warrants, and to sell $100,000 of common stock to one of its directors in a private placement.

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