Roth Capital Partners is the manager; ACM plans to invest $1 million
By Devika Patel
Knoxville, Tenn., Feb. 13 – Eco-Stim Energy Solutions Inc. said it priced a $5.26 million public sale of stock with a $788,532 greenshoe.
The company will sell 914,240 common shares at $5.75 per share. The price per share is an 8% discount to the Feb. 12 closing share price of $6.25.
Roth Capital Partners is the manager. ACM Emerging Markets Master Fund I, LP plans to invest $1 million.
Settlement is expected on Feb. 19.
Proceeds will be used for capital expenditures, working capital and other general corporate purposes.
The oilfield services company is based in Houston.
| Issuer: | Eco-Stim Energy Solutions Inc.
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| Issue: | Common stock
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| Amount: | $5,256,880
|
| Greenshoe: | $788,532
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| Shares: | 914,240
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| Price: | $5.75
|
| Warrants: | No
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| Manager: | Roth Capital Partners
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| Investor: | ACM Emerging Markets Master Fund I, LP (for $1 million)
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 19
|
| Stock symbol: | OTCBB: ESES
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| Stock price: | $6.25 at close Feb. 12
|
| Market capitalization: | $34.81 million
|
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