Ener-Core registers $11.5 million of common stock for public offering

Bookrunners Northland Capital and Lake Street Capital assist with sale

By Devika Patel

Knoxville, Tenn., July 29 – Ener-Core, Inc. will price a public sale of common stock with a 30-day greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The company has registered up to $11.5 million of stock.

Northland Capital Markets and Lake Street Capital Markets are the bookrunners.

The company will use about $2.5 million to $5 million of the proceeds to repay any senior secured promissory notes that are not converted into stock within 30 days of settlement. Proceeds will also be used for working capital and other general corporate purposes.

The Irvine, Calif., company designs and manufactures systems for producing continuous energy from a range of sources, including previously unusable ultra-low quality gas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.