Fittest loser
Article updated: 5/28/2013 10:57 AM

Power Solutions International to seek second public offering

  • Article
text size: AAA
By Globe Newswire

Wood-Dale based Power Solutions International, Inc. has filed plans for an secondary public offering of stock with the with the U.S. Securities and Exchange Commission.

Under the proposal, PSI would offer 1.7 million shares of its common stock, plus up to an additional 255,000 shares of its common stock subject to the exercise of the underwriters' over-allotment option. Of these shares, 1 million will be issued and sold by the company and 700,000 shares, plus up to an additional 255,000 shares subject to the exercise of the underwriters' over-allotment option, will be sold by certain selling stockholders.

Advertisement

The company will not receive any proceeds from the sale of shares by the selling stockholders, the company said in a release. Craig-Hallum Capital Group LLC is acting as sole book-running manager of the proposed offering, with Roth Capital Partners, LLC acting as co-lead manager.

The company designs, engineers and manufactures emissions-certified alternative-fuel and conventional power systems.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity