Power Solutions (PSIX) Offering Closes, Priced at $35/Share
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Power Solutions International, Inc. (Nasdaq: PSIX) today announced the closing of its underwritten public offering of 2,005,000 shares of its common stock at a price to the public of $35.00 per share. The Company sold 1,050,000 shares of common stock, and certain selling stockholders sold 955,000 shares of common stock in the offering, which include 255,000 shares as a result of the full exercise by the underwriters of their over-allotment option. The net proceeds to the Company were $34,655,250 before deducting offering expenses payable by the Company. The Company did not receive any proceeds from the sale of the shares by the selling stockholders.
Craig-Hallum Capital Group LLC acted as sole book-running manager of the offering, with Roth Capital Partners, LLC acting as co-lead manager.
Craig-Hallum Capital Group LLC acted as sole book-running manager of the offering, with Roth Capital Partners, LLC acting as co-lead manager.
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