Attached files
| file | filename |
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| 8-K - 6D Global Technologies, Inc | v190485_8k.htm |
| EX-4.3 - 6D Global Technologies, Inc | v190485_ex4-3.htm |
| EX-4.2 - 6D Global Technologies, Inc | v190485_ex4-2.htm |
| EX-14.1 - 6D Global Technologies, Inc | v190485_ex14-1.htm |
CleanTech Innovations, Inc. Announces
Completion of $10 Million Equity Financing
NEW YORK, July 13 /PRNewswire-FirstCall/ -- CleanTech Innovations, Inc. (OTCBB:
EVCPD (temporary symbol);
website: www.ctiproduct.com; “CleanTech”), a U.S. company and a market leader in
China’s clean technology solutions in the wind
and utilities industries, announced today that CleanTech has completed a $10
million private placement of equity securities placed with institutional and
other accredited investors
in a highly oversubscribed offering.
CleanTech placed an aggregate of
3,333,333 units at $3 per unit, with each unit consisting of one share of common
stock plus a three-year warrant to purchase 0.15 shares of common stock at
an exercise price of $3 per
share. None of the securities issued in the offering were registered. The
Company has a total of 22,463,333 shares of common stock issued and outstanding
after this offering, or 23,296,666 shares on a fully diluted
basis.
William Blair & Company advised CleanTech
with this successful financing. First Merger Capital, Inc. acted as the Co-Lead
Placement Agent in this offering. Aegis Capital Corp. acted as
Co-Placement Agent in this financing.
Ms. Bei Lu, Chairman & CEO of
CleanTech commented:
“We are very pleased with
the strong demand for this financing led by blue chip institutional investors in
an expanded and highly oversubscribed offering. CleanTech intends to use the
capital to expand significantly our production capabilities in order to fill rapidly growing
orders for wind towers from our longstanding customers, including
China’s top three largest national utility
companies. Meanwhile, CleanTech intends to apply for the listing of our common
stock on a U.S. national stock exchange in the near
future.”
About CleanTech Innovations, Inc.
CleanTech Innovations, Inc. (OTCBB:
EVCP; website: www.ctiproduct.com) is a U.S. registered public company with primary
operations in China. CleanTech designs and manufactures high performance clean technology
products that promote renewable energy generation, energy
savings and pollution reduction.
CleanTech’s products include wind turbine towers, bellows expansion joints and pressure vessels, which
are broadly used in the wind power,
steel, coking, petrochemical, high voltage electricity
transmission and
thermoelectric industries.
CleanTech is a market leader in the domestic production of expansion joints used in Coke Dry
Quenching, an advanced clean solution system being installed
in the coking and
steel industries across
China for its ability to reuse waste heat, improve coke quality and reduce pollutants. CleanTech’s longstanding customers include
Toshiba, ABB, China State Grid, HuaNeng Energy, Sinosteel and other global industrial
leaders. CleanTech is focused on continuously developing
innovative products that
will improve efficiencies,
reduce pollution and reduce costs associated with wasted energy.
Safe Harbor
Statement
All statements in this press release that are not historical
are forward-looking statements made pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. There can be no assurance
that actual results will not differ from the company's expectations. You are cautioned not to
place undue reliance on any forward-looking statements in this press release as
they reflect CleanTech
Innovations’ current expectations with respect to
future events and are subject to risks and uncertainties that may cause actual results to differ materially
from those contemplated. Potential risks and uncertainties include, but are not
limited to, the risks described in CleanTech Innovations’ filings with the Securities and
Exchange Commission.
Corporate Contact
Jason Li
Corporate
Communications
CleanTech Innovations,
Inc.
Tel: 011-86-410-6129600
Email: investors@ctiproduct.com
Website: www.ctiproduct.com