Capstone Turbine Corp. filed a registration statement for the potential resale of up to $1.9 million worth of common shares from time to time.
The Oct. 2 filing covers the resale of 4,046,337 shares by the selling stockholder at a proposed offering price of 48 cents apiece.
The California-based company said these shares are issuable upon exercise of a warrant held by the selling stockholder. Capstone will not receive any of the proceeds but will, however, receive the net proceeds of any warrants exercised for cash.
If the warrants are exercised for cash, the company will receive 88.59 cents per underlying share of common stock, which will amount to approximately $3.6 million of proceeds. The proceeds will be used for general corporate purposes.
