BioHiTech Global (BHTG) Prices 4.6M Share Common Stock Offering at $1.81/Each

BioHiTech Global, Inc., (Nasdaq: BHTG) ("BioHiTech," or the "Company"), a technology and services company that provides cost-effective and sustainable waste management solutions, today announced the pricing of its underwritten public offering of 4,550,000 shares of its common stock at a public offering price of $1.81 per share. The gross proceeds from the public offering will be approximately $8.2 million, before deducting underwriting discounts and commissions and estimated offering expenses.

Maxim Group LLC is acting as the lead book-running manager for the offering and Spartan Capital Securities, LLC is acting as co-book runner for the offering.

BioHiTech Global also has granted to the underwriter a 45-day option to purchase up to an additional 682,500 shares of common stock, at the public offering price less discounts and commissions.

The public offering is being made pursuant to an effective shelf registration statement on Form S-3 that was filed with the U.S. Securities and Exchange Commission (SEC) on December 28, 2018 and declared effective on January 31, 2019. A preliminary prospectus supplement describing the terms of the public offering has been filed with the SEC. A final prospectus supplement will be filed with the SEC and will form a part of the effective registration statement.

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