FuelCell Energy (FCEL) Announces 31M Share Offering of Common Stock
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FuelCell Energy Announces Launch of Offering of Common Stock
September 29, 2020 4:01 PM EDTDANBURY, Conn., Sept. 29, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (FuelCell Energy or the Company) today announced the launch of an underwritten public offering of 31,000,000 shares of its common stock (the Offering). FuelCell Energy expects to grant the underwriters a 30-day option to purchase up to 4,650,000 additional shares of its common stock. FuelCell Energy intends to use the net proceeds from the Offering for project development, project financing, working capital support, and general corporate purposes. FuelCell Energy may also use a portion of the net proceeds from the Offering to pay the principal... More
