Pioneer to price public stock sale between $7.00-$8.00 per share

Bookrunner Roth Capital and co-manager Monarch Capital Group assist

By Devika Patel

Knoxville, Tenn., Sept. 10 - Pioneer Power Solutions, Inc. will price its public sale of stock at a price expected to fall between $7.00 and $8.00 per share, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced Aug. 1.

The company will sell 1 million common shares with a greenshoe 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, for 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 Court Reno, Nev.

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