February 4, 2008
Evergreen Solar Plans Share Offering
By Cory Hopkins
Marlborough solar manufacturer Evergreen Solar Inc. has filed a Form S-3 with the Securities and Exchange Commission, announcing its intention to publicly offer 20 million primary shares of its common stock.
Evergreen said it could take in up to $266 million from the offering, if all options and conditions are exercised by the company's underwriters.
Net proceeds from the offering will be used to complete Phase I of its development of a new manufacturing facility in Devens, to begin Phase II of the project in Devens and for "general corporate purposes," the company said.
The registration statement became effective today.
Evergreen said it could take in up to $266 million from the offering, if all options and conditions are exercised by the company's underwriters.
Net proceeds from the offering will be used to complete Phase I of its development of a new manufacturing facility in Devens, to begin Phase II of the project in Devens and for "general corporate purposes," the company said.
The registration statement became effective today.
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