Published on 10/17/2005 in the Prospect News PIPE Daily.
New Issue: Hydrogen Engine Center settles $3.95 million private placement of stock
By Sheri Kasprzak
New York, Oct. 17 - Hydrogen Engine Center, Inc. said it has closed a private placement for $3,948,500.
The company sold 3,948,500 shares at $1.00 each to 93 investors.
The offering represents 16.1% of the company's outstanding stock and now leaves Hydrogen Engine with 24,494,500 outstanding shares.
Based in Alonga, Iowa, Hydrogen Engine develops and makes internal combustion engines for the industrial and power generation sector.
| Issuer: | Hydrogen Engine Center, Inc.
|
| Issue: | Stock
|
| Amount: | $3,948,500
|
| Shares: | 3,948,500
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | Oct. 11
|
| Stock price: | $8.70 at close Oct. 11
|
|
|
© 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.
