Clean Energy Announces “At-The-Market” Offering Program
November 12 2015 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") today
announced that it has filed a prospectus supplement with the
Securities and Exchange Commission (the "SEC") under which it may
sell shares of its common stock having an aggregate gross sales
price of up to $75 million from time to time through an
"at-the-market" offering program.
Clean Energy intends to use the net proceeds from this offering
for general corporate purposes, which may include, without
limitation, repaying all or a portion of Clean Energy’s outstanding
7.5% Convertible Notes due 2016.
The shares may be offered from time to time pursuant to an
equity distribution agreement entered into by and between Clean
Energy and Citigroup Global Markets Inc., as sales agent and/or
principal.
Sales, if any, will be made in transactions that are deemed to
be "at-the-market" offerings, including sales made by means of
ordinary brokers' transactions on the NASDAQ Global Select Market
or otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or as otherwise agreed
to with the applicable sales agent.
The offering will be made pursuant to Clean Energy’s effective
shelf registration statement, previously filed with the SEC. The
offering is being made only by means of a prospectus supplement to
the base prospectus contained in such registration statement that
has been filed with the SEC. Before making an investment in these
securities, potential investors should read the prospectus
supplement and the accompanying base prospectus for more complete
information about Clean Energy and the offering. Potential
investors may obtain these documents for free by visiting EDGAR on
the SEC's website at www.sec.gov. Alternatively, potential
investors may obtain copies of these documents from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, toll free at (800) 831-9146.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities, in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
Forward-Looking Statements
Certain of the matters discussed in this press release
constitute forward-looking statements within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934,
both as amended by the Private Securities Litigation Reform Act of
1995. The forward-looking statements include, among other things,
statements regarding the intent, belief or expectations
of Clean Energy and can be identified by the use of words
such as "may," "will," "should," "would," "assume," "outlook,"
"seek," "plan," "believe," "expect," "anticipate," "intend,"
"estimate," "forecast" and other comparable terms. These
forward-looking statements represent Clean
Energy's expectations and beliefs concerning future events,
and no assurance can be given that the future results described in
this press release will be achieved. There are a number of risks
and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Other unknown or
unpredictable factors could also have material adverse effects on
future results, performance or achievements of the company. The
factors and assumptions upon which any forward-looking statements
herein are based are subject to risks and uncertainties that
include, among others, risks associated with the offering, the risk
factors set forth in Clean Energy's most recent Annual
Report on Form 10-K and in subsequent reports filed with the SEC,
and other factors over which it has little or no control. In light
of these risks, uncertainties, assumptions and factors, the
forward-looking events discussed in this communication may not
occur. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
communication, unless noted otherwise. Except as required under the
federal securities laws and the rules and regulations of
the SEC, Clean Energy does not undertake any obligation
to release publicly any revisions to the forward-looking statements
to reflect events or circumstances after the date of this
communication or to reflect the occurrence of unanticipated
events.
About Clean Energy
Clean Energy Fuels Corp. (NASDAQ: CLNE) is the largest provider
of natural gas fuel for transportation in North America. We build
and operate CNG and LNG fueling stations; manufacture CNG and LNG
equipment and technologies for ourselves and other companies;
develop RNG production facilities; and deliver more CNG, LNG and
RNG fuel than any other company in the U.S. For more information,
visit www.cleanenergyfuels.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151112005369/en/
Clean Energy Fuels Corp.Investors:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.comorMedia:Gary
Foster, 949-437-1113Gary.Foster@cleanenergyfuels.com
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