Deal sells 441,600 shares at $4.50 per share to fund debt repayment
By Devika Patel
Knoxville, Tenn., Nov. 13 - Tecogen Inc. settled a $1.99 million private placement of stock on Nov. 8, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 441,600 common shares at $4.50 apiece.
Proceeds will be used for general corporate and working capital purposes.
Based in Waltham, Mass., Tecogen is a manufacturer of natural gas-fueled, engine-driven, combined heat and power products that aim to reduce energy costs, greenhouse gas emissions and congestion on the national power grid.
| Issuer: | Tecogen Inc.
|
| Issue: | Common stock
|
| Amount: | $1,987,200
|
| Shares: | 441,600
|
| Price: | $4.50
|
| Warrants: | No
|
| Settlement date: | Nov. 8
|
| Stock symbol: | Nasdaq: TGEN
|
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