Pioneer Power intends to conduct public offering of common stock

Bookrunner Roth Capital and co-manager Monarch Capital Group assist

By Devika Patel

Knoxville, Tenn., Sept. 21 – Pioneer Power Solutions, Inc. said it will price a public offering of common stock with a 30-day over-allotment option.

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 and for 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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