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ROTH Capital Partners acts as
Sole Book-Running Manager for
$24 Million
Follow-On Offering for ECOtality,
Inc. (ECTY) |
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Transaction Information
On June 27, 2011, ECOtality, Inc. (NASDAQ: ECTY) closed an
underwritten public offering of $21.3 million, selling 8,500,000 shares of its
common stock at $2.50 per share. On July 7, 2011 ROTH exercised the
over-allotment option of 1,275,000 shares to bring the total offering to $24.4
million. ROTH Capital Partners acted as sole book-running manager for the
offering.
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Client Information
ECOtality is a leader in clean electric transportation and storage technologies.
Through innovation, acquisitions, and strategic partnerships, ECOtality
accelerates the market applicability of advanced electric technologies to
replace carbon-based fuels.
(Source: Company
Press Release)
ROTH Capital Partners
ROTH Capital Partners, LLC
("ROTH") is a relationship-driven investment bank focused on identifying growth
opportunities for our corporate and institutional clients. As a full-service
investment bank, ROTH provides capital raising, M&A advisory, analytical
research, trading and market-making services. ROTH, headquartered in Newport
Beach, CA, is privately held and owned by its employees, and maintains offices
throughout the U.S, Hong Kong and a Shanghai Representative Office. For more
information on ROTH, please visit www.roth.com.
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The material,
information and facts discussed in this announcement other than the information
regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from
sources believed to be reliable, but are in no way guaranteed to be complete or
accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is
available upon request. This is not, however, an offer or solicitation of the
securities discussed. Any opinions or estimates in this announcement are subject
to change without notice. An investment in any security based on this
announcement may involve risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements. Additionally, such
investments may involve a high degree of risk and may not be suitable for all
investors. No part of this announcement may be reproduced in any form without
the express written permission of ROTH. Copyright 2011. |
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