Clean Diesel Technologies (CDTI) Completes $8.9M Debt Conversion
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CDTi Strengthens Balance Sheet with Completion of Debt Conversion
September 1, 2016 8:03 AM EDTCompletes steps to regain compliance with NASDAQs listing requirementsSignificantly reduces debt and cost of capital
OXNARD, Calif., Sept. 01, 2016 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq: CDTI) (CDTi or the Company), a leader in advanced emission control technology, announced it has successfully converted approximately $8.9 million in total indebtedness into shares of CDTIs common stock. The debt conversion significantly strengthens the companys balance sheet and represents the final step in regaining compliance with NASDAQs minimum stockholders equity rule.
By restructuring our balance sheet,... More
