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FuelCell Energy Announces Closing of Public Offering of 50,025,000 Shares of Common Stock
DANBURY, Conn., Oct. 02, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) today announced completion of its
About this update from Fuelcell Energy, Inc.
[{"type":"text","content":"DANBURY, Conn., Oct. 02, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) today announced completion of its previously announced underwritten public offering of 50,025,000 shares of its common stock, including the underwriters’ exercise, in full, of their option to purchase an additional 6,525,000 shares of common stock. Gross proceeds from the offering are approximately $105,052,500, before deducting the underwriters’ discounts and offering expenses.\n J.P. Morgan Securities LLC, Barclays Capital Inc., and Canaccord Genuity LLC acted as joint book-running managers and Loop Capital Markets LLC acted as co-manager for the offering. A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. The offering of the Company’s common stock was made only by means of a prospectus supplement and the accompanying prospectus. A copy of the final prospectus supplement and accompanying prospectus related to the offering can be obtained for free by visiting the Securities and Exchange Commission’s website at http://www.sec.gov or by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone; Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 888 603 5847, or email: [email protected]; or Canaccord Genuity LLC, 99 High Street, 12th Floor, Boston, Massachusetts 02110, Attention: Syndicate Department, or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About FuelCell Energy FuelCell Energy, Inc. (NASDAQ: FCEL) is a global leader in developing environmentally responsible distributed baseload power solutions through our proprietary, molten-carbonate fuel cell technology. We develop turn-key distributed power generation solutions and operate and provide comprehensive service for the life of...