Business
Clean Energy Technologies Announces Closing of $3.9 Million Public Offering and Uplisting to Nasdaq Capital Market
COSTA MESA, CA., March 28, 2023 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq CETY) (the “Company”), offering recyclable energy solutions, clean
About this update from Clean Energy Technologies, Inc.
[{"type":"text","content":"COSTA MESA, CA., March 28, 2023 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq CETY) (the “Company”), offering recyclable energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia announced today the closing of its public offering of 975,000 shares of common stock at a price of $4.00 per share for a total gross proceeds of $3.9 million before deducting underwriting discounts and commissions and offering expense (the “Offering”). In addition, the Company has granted the underwriters an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 146,250 shares at the public offering price, less underwriting discounts and commissions. The Offering was closed on March 27, 2023 and was conducted on a firm commitment basis. The shares began trading on March 23, 2023 on NASDAQ Capital Market under the symbol “CETY”. Craft Capital Management LLC, R.F. Lafferty & Co., Inc. acted as representatives of the underwriters for the Offering and Ninth Eternity Capital HK Limited acted as an underwriter for the Offering. The Newman Law Firm, PLLC acted as counsel to the Company, and Bevilacqua PLLC acted as counsel to Craft Capital Management LLC. A registration statement on Form S-1 (File No. 333-266078) relating to the securities being sold in this Offering was declared effective by the Securities and Exchange Commission (the “SEC”) on March 22, 2023. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This Offering is being made only by means of a written prospectus, forming a part of the effective registration statement. Copies of the final prospectus relating to the underwritten public offering can be obtained, when available, from: Craft Capital Management LLC, Attention: Richard Rizzuto, 377 Oak Street, Lower Concourse, Garden City, NY 11530 or via email [email protected]; R.F. Lafferty & Co., Inc., Attention: John Heidenreich, 40 Wall Street, 29th Floor, New York, NY 10005, or via email at [email protected]; The address of Ninth Eternity Capital HK Limited is Suite 909, 9/F, 794-802 Nathan Road, Prince Edward, Hong Kong. Ninth Eternity Capital HK Limited, a broker-dealer registered with the Hong Kong Securities and Futures Commission, is not ...