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Capstone Turbine plans sale of up to $25M common shares

Capstone Turbine Corp. agreed to create an at-the-market equity program to sell up to $25 million of its common shares from time to time, according to a Form 8-K filed June 7.

The company's agent, H.C. Wainwright & Co. LLC, will be entitled to a commission at a fixed rate equal to 3.0% of the gross proceeds per share sold.

Capstone Turbine may at any time suspend offers or terminate the at-the-market offering agreement.