Pioneer Power to price public offering of 1 million common shares

Bookrunner Roth Capital and co-manager Monarch Capital Group assist

By Devika Patel

Knoxville, Tenn., Aug. 1 - Pioneer Power Solutions, Inc. said it will price a public sale of 1 million common shares with an over-allotment option of 150,000 additional shares.

Roth Capital Partners is the bookrunning manager, and Monarch Capital Group is the co-manager.

Proceeds will be used to repay debt under the company's revolving credit line with Bank of Montreal, for acquisitions, working capital and for other general corporate purposes.

The designer, developer and manufacturer of liquid-filled power, distribution and specialty electric transformers is based in Fort Lee, N.J.

© 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.