William Blair, Craig-Hallum Capital Group and Roth Capital will assist
By Devika Patel
Knoxville, Tenn., June 6 – Hudson Technologies, Inc. said it priced a $15 million public offering of stock with a $2.25 million greenshoe. The deal was announced Thursday.
The company will sell 6 million common shares at $2.50 per share. The price per share is a 9.09% discount to the June 5 closing share price of $2.75.
William Blair & Co., LLC is the sole bookrunning manager.
Settlement is expected June 11.
Proceeds will be used for working capital and general corporate purposes, including acquisitions and debt repayment.
Hudson Technologies provides services to the refrigeration industry and is based in Pearl River, N.Y.
| Issuer: | Hudson Technologies, Inc.
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| Issue: | Common stock
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| Amount: | $15 million
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| Greenshoe: | $2.25 million
|
| Shares: | 6 million
|
| Price: | $2.50
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| Warrants: | No
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| Bookrunner: | William Blair & Co., LLC
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| Co-managers: | Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC
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| Announcement date: | June 5
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| Pricing date: | June 6
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| Settlement date: | June 11
|
| Stock symbol: | Nasdaq: HDSN
|
| Stock price: | $2.75 at close June 5
|
| Market capitalization: | $67.24 million
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