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Energy Focus to sell 1.25 million common shares in public offering
Bookrunner Roth Capital Partners assists; deal funds working capital
By Devika Patel
Knoxville, Tenn., Aug. 4 – Energy Focus, Inc. will sell 1.25 million common shares in its public offering with a 30-day greenshoe option of 187,500 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The deal was announced May 21, and the company said on July 2 that it planned to sell 2.5 million shares with a greenshoe of 375,000 shares.
Roth Capital Partners is the bookrunning manager. Northland Capital Markets and BTIG are the co-managers.
Proceeds will be used for working capital and other general corporate purposes.
Based in Solon, Ohio, Energy Focus designs, develops, manufactures and markets fiber-optic lighting systems.
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