FuelCell Energy Announces $210 Million Public Offering
Business & Energy Editors
DANBURY, Conn.--(BUSINESS WIRE)--June 12, 2001--FuelCell Energy,
Inc., (Nasdaq:FCEL) announced that it has agreed to sell 3,000,000
shares of its common stock through Merrill Lynch in an underwritten
public offering, which will result in net proceeds to the company of
approximately $210 million.
In addition, the company has granted Merrill Lynch an option to
purchase an additional 450,000 shares at the same price to cover
over-allotments. The offering is being made pursuant to FuelCell
Energy's shelf registration statement.
FuelCell Energy intends to use the net proceeds from this offering
to expand manufacturing equipment and facilities to support
commercialization activities and for general corporate purposes.
A written prospectus may be obtained from Merrill Lynch, Pierce,
Fenner & Smith Incorporated at 4 World Financial Center, New York, NY
10080.
About FuelCell Energy, Inc. |
