Amerigon (ARGN) Announces Exercise of Over-Allotment Option by Underwriters

Amerigon Incorporated (NASDAQ: ARGN) today announced the completion of its previously announced public offering of 4,600,000 shares of its common stock. Amerigon also completed the sale of 690,000 additional shares of its common stock pursuant to the full exercise of the over-allotment option granted to the underwriters of the public offering. The shares were sold at a price to the public of $15.25 per share. As a result of the sale of the shares of common stock in the public offering and pursuant to the over-allotment option, Amerigon received gross proceeds of $80.7 million. Net proceeds to Amerigon from the sale of the shares including the over-allotment option were $75.5 million after deduction of underwriting discounts and other estimated offering expenses payable by the Company.

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