Clean Energy Announces Exercise of Over-Allotment Option by Underwriters
June 19 2007 - 12:48PM
Business Wire
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today that the
underwriters of the Company's initial public offering have informed
the Company that they will exercise in full their option to
purchase an additional 1,500,000 shares of the Company's common
stock to cover over-allotments. All over-allotment shares will be
sold by stockholders of the Company. The Company will not receive
any proceeds from the sale, which is expected to close Friday, June
22, 2007. W.R. Hambrecht + Co., LLC, Simmons & Company
International, Susquehanna Financial Group, LLP, and NBF Securities
(USA) Corp. were the underwriters of the Company's initial public
offering. A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on May
24, 2007. Copies of the final prospectus relating to the public
offering may be obtained from the prospectus department of WR
Hambrecht + Co, P.O. Box 677, Berwyn, PA 19312, by telephone at
1-800-673-6476 or by going to WR Hambrecht + Co's web site at
www.wrhambrecht.com. Clean Energy is the leading provider of
natural gas (CNG and LNG) for transportation in North America. It
has a broad customer base in the refuse, transit, shuttle, taxi,
trucking, airport and municipal fleet markets with more than 13,000
natural gas vehicles fueling at strategic locations across the
United States and Canada. This press release does not constitute an
offer to sell or the solicitation of an offer to buy, nor there any
sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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