Flexible Electronics News

Evergreen Solar Prices Public Offering of Common Stock

The offering will result in gross proceeds of $66.6 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Evergreen Solar, Inc. announced that it priced its previously announced public offering of common stock at a price to the public of $1.80 per share for a total of 37,000,000 shares to be sold in the offering. The offering will result in gross proceeds of $66.6 million and net proceeds, after deducting underwriting commissions and other offering expenses, of approximately $63 million to Evergreen Solar. Evergreen Solar also granted the underwriter a 30-day option to purchase up to an additiona...

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