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Indianapolis, July 28, 2021 (Global News Service)–Infrastructure and Energy Alternatives, Inc. (NASDAQ:International Energy Agency) (“IEA” or “Company”), today announced that it intends to issue and sell common stock by way of underwriting a public offering, and to replace certain investors with pre-funded warrants for the purchase of common stock. As part of the proposed offering, The IEA is expected to grant the underwriters a 30-day option to purchase up to 15% of the common stock and sell any pre-funded warrants when common stock is issued, at the public offering price minus underwriting discounts and commissions. The sale is affected by market conditions, and there is no guarantee whether or when the sale will be completed, or the actual size or terms of the sale. All securities issued this time are sold by the IEA.
The IEA intends to use the net proceeds from this issuance to redeem part of its issued Series B preferred shares and to pay related redemption premiums, as described in the preliminary prospectus supplement related to the issuance.
Guggenheim Securities, LLC acted as the bookkeeper and underwriter’s representative for this issuance. BMO Capital Markets Corp., CIBC World Markets Corp. and Fifth Third Securities, Inc. acted as joint bookrunners for this offering.
The securities issued this time will be provided by the IEA according to the shelf registration statement on Form S-3 (No. 333-251148),…
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