UQM issues public share offering
23rd October 2009
Alternative energy developer UQM Technologies is offering shares of its common stock in a public offering.
The company plans to use net proceeds from this offering to expand manufacturing capacity, to match funds for the Department of Energy Award under the American Recovery and Reinvestment Act, the company said.
The offering proceeds an effective shelf registration statement filed with the Securities and Exchange Commission on 30 July 2009.
Piper Jaffray & Co will act as the sole book-running manager for the offering and Thomas Weisel Partners and JMP Securities will act as co-managers.
UQM Technologies develops products for the automotive, aerospace, military and industrial markets including electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. Its headquarters are in Frederick, Colorado.
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