Clean Energy Fuels Closes Follow-On Public Offering of Common Stock
July 01 2009 - 10:18AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq:CLNE) today announced that its
follow-on public offering of 9,430,000 shares of common stock at a
public offering price of $8.30 per share was closed today. The
aggregate amount of common shares sold reflects the exercise in
full by the underwriters of their option to purchase up to
1,230,000 additional shares of Clean Energy�s common stock to cover
over-allotments. The Company received aggregate net proceeds of
approximately $73.2 million, after deducting underwriting discounts
and commissions and estimated offering expenses payable by the
Company.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Clean Energy Fuels
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, ports, shuttle, taxi, trucking,
airport and municipal fleet markets, fueling more than 17,200
vehicles at 184 strategic locations across the U.S. and Canada.
Clean Energy owns and operates two LNG production plants, one in
Willis, Texas and one in Boron Calif., with combined capacity of
260,000 LNG gallons per day and designed to expand to 340,000 LNG
gallons per day as demand increases. It also owns and operates a
landfill gas processing facility in Dallas that produces renewable
biomethane gas for delivery in the nation�s gas pipeline
network.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of federal securities laws. Clean Energy cautions you
that any statements contained in this press release that are not
strictly historical statements constitute forward-looking
statements. These forward-looking statements are neither promises
nor guarantees and involve risks and uncertainties that could cause
actual results to differ materially from such forward-looking
statements. Factors that could cause actual events to differ
materially from those predicted in such forward-looking statements
include market conditions and customary closing conditions.
Additional factors that could cause actual events to differ from
those predicted in such forward-looking statements are identified
in the prospectus supplement and Clean Energy�s other filings with
the SEC that are incorporated by reference into the prospectus
supplement, including its Annual Report on Form 10-K for the fiscal
year ended December 31, 2008 and its Quarterly Report on Form 10-Q
for the fiscal quarter ended March 31, 2009, each of which is filed
with the SEC (copies of which may be obtained at the SEC�s website
at: http://www.sec.gov). Readers should not place undue reliance on
any such forward-looking statements, which speak only as of the
date they are made. Clean Energy disclaims any obligation to
publicly update or revise any such statements to reflect any change
in its expectations, or in events, conditions or circumstances on
which any such statements may be based, or that may affect the
likelihood that actual results will differ from those set forth in
the forward-looking statements, except as required by law.
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