By Devika Patel
Knoxville, Tenn., May 15 – SkyWolf Wind Turbine Corp. will conduct a $3 million direct offering of stock, according to an S-1 filed Monday with the Securities and Exchange Commission. The deal is being conducted alongside a secondary sale of stock.
The company will sell 1.5 million common shares at $2.00 apiece. Selling shareholders will sell 53,314,465 shares in a concurrent offering.
The sales are being conducted on a self-underwritten, best-efforts basis.
SkyWolf’s stock is not currently listed and there is no public market.
Proceeds from the primary offering will be used for various general purposes.
The Geneseo, N.Y., company sells a patented renewable energy product, the Solar Hybrid Wind Turbine System.
| Issuer: | SkyWolf Wind Turbine Corp.
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| Issue: | Common stock
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| Amount: | $3 million
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| Shares: | 1.5 million
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| Price: | $2.00
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| Pricing date: | May 15
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