Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CDTI ADVANCED MATERIALS, INC. | c19454e8vk.htm |
| EX-1.1 - EXHIBIT 1.1 - CDTI ADVANCED MATERIALS, INC. | c19454exv1w1.htm |
| EX-10.1 - EXHIBIT 10.1 - CDTI ADVANCED MATERIALS, INC. | c19454exv10w1.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Clean Diesel Technologies, Inc. Announces Pricing of Public Offering
Ventura, CA — June 29, 2011 — Clean Diesel Technologies, Inc. (NASDAQ: CDTI) (“Clean Diesel”), a
cleantech emissions reduction company, today announced the pricing of an underwritten public
offering of 2,725,000 shares of its common stock at a price to the public of $3.75 per share.
2,645,000 of these shares are being offered by Clean Diesel and 80,000 of these shares are being
offered by selling stockholders. Clean Diesel has granted a 30-day option to the underwriters to
purchase up to an additional 408,750 shares of common stock to cover over-allotments. Subject to
the satisfaction of customary conditions, the offering is expected to close on or about July 5,
2011.
Roth Capital Partners is acting as sole book-runner for the offering with Maxim Group, LLC acting
as a co-manager.
Clean Diesel intends to use the net proceeds from this public offering primarily for working
capital and general corporate purposes. Clean Diesel will not receive any proceeds from shares sold
by the selling stockholders.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of, the common stock in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
A copy of the prospectus relating to these securities may be obtained, when available, by
contacting Roth Capital Partners, Attention: Equity Capital Markets, 24 Corporate Plaza Drive,
Newport Beach, CA 92660, by telephone at (800) 678-9147, or via email at rothecm@roth.com.
About Clean Diesel Technologies, Inc.
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. For more information, please visit www.cdti.com.
Clean Diesel Technologies, Inc. * 4567 Telephone Road, Suite 206 * Ventura CA 93003 * 805-639-9458
www.cdti.com
www.cdti.com
Forward-Looking Statements Safe Harbor
Certain statements in this news release, such as the expected closing date of the offering and the
use of proceeds, constitute “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown
risks, including those detailed in Clean Diesel’s filings with the U.S. Securities and Exchange
Commission, uncertainties and other factors that may cause the actual results, performance or
achievements of Clean Diesel to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Clean Diesel assumes no obligation to update the forward-looking information contained in this
release.
###
Contact Information:
Kristi Cushing, Investor Relations Manager Tel: +1 (805) 639-9458
Clean Diesel Technologies, Inc. * 4567 Telephone Road, Suite 206 * Ventura CA 93003 * 805-639-9458
www.cdti.com
www.cdti.com
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