On July 5, 2011, Clean Diesel Technologies, Inc. (NASDAQ: CDTI)
closed an underwritten public offering of $11.8 million. The Company sold
3,053,750 shares of common stock, including the over-allotment option of 408,750
shares, and selling stockholders sold 80,000 shares at $3.75 per share. ROTH
Capital Partners acted as sole book-running manager for the offering.
Clean Diesel is a vertically integrated global manufacturer and distributor of
emissions control systems and products, focused on the heavy duty diesel and
light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed
Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic
reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide
high-value sustainable solutions to reduce emissions, increase energy efficiency
and lower the carbon intensity of on- and off-road engine applications. Clean
Diesel is headquartered in Ventura, California and currently has operations in
the U.S., Canada, U.K., France, Japan and Sweden.
ROTH Capital Partners