said Friday that it has priced an underwritten public offering of 600,000 shares of its common stock at a price of $45 a share for gross proceeds of $27 million.
The Highlands Ranch-based company, which is a holding entity for a family of companies that provide emission solutions to power-generation companies, announced Thursday that it had begun a public offering of its common stock.
The company said Friday that the net proceeds from the sale of the shares, after deducting the underwriters’ discounts and other estimated offering expenses, will be approximately $25 million.
Advanced Emissions Solutions also said that it has granted the underwriters a 30-day option to purchase up to an additional 90,000 shares of common stock offered in the public offering to cover over-allotments.
The company intends to use the proceeds from the offering for general working capital and corporate purposes, and to allow it to take advantage of growth opportunities.
Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz
