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Stabilis Energy Announces Filing of Registration Statement for Resale of Shares Issued in Previously Announced Transactions
HOUSTON, TX / ACCESSWIRE / September 11, 2019 / Stabilis Energy, Inc. (NASDAQ:SLNG) (“Stabilis”) today announced that is has filed a Registration Statement on
About this update from Stabilis Solutions, Inc.
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / September 11, 2019 / Stabilis Energy, Inc. (NASDAQ:SLNG) (“Stabilis”) today announced that is has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (“SEC”) for resale of s hares of common stock issued in previously announced transactions. The Registration Statement has not yet become effective.Stabilis is not selling any shares and will not receive any proceeds from the resale of shares pursuant to the Registration Statement, which covers 2,769,787 shares issued in the Chart Industries, Inc., Diversenergy, LLC and American Electric Technologies, Inc. transactions which were previously announced. There is no obligation on the holders of the shares to sell them. Stabilis believes that registering these shares will increase its publicly traded float and unrestricted shares outstanding and could thereby facilitate its ability to meet its Nasdaq listing requirements.A copy of the filed Registration Statement can be viewed on the SEC website, www.sec.gov, or can be obtained by written request to Stabilis at 10375 Richmond Avenue, Suite 700, Houston, TX 77042, Attention: Investor Relations. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.About Stabilis EnergyStabilis Energy, Inc. is a vertically integrated provider of distributed liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. We have safely delivered over 200 million gallons of LNG through more than 20,000 truck deliveries during our 15-year operating history, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. We provide LNG to customers in diverse end markets, including the industrial, energy, mining, utility, pipeline, commercial, and high horsepower transportation markets. Our customers use LNG as an alternative to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environme...