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Stock impact report

FuelCell Energy Announces Closing of $30.7 Million Convertible Preferred Stock Transaction

FuelCell Energy, Inc. (FCEL) 
Last fuelcell energy, inc. earnings: 3/16 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.fce.com/investors/default.aspx
Company Research Source: GlobeNewswire
DANBURY, CONN., Aug. 29, 2018 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.  (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, announced today the completion of an underwritten offering of 30,680 shares of Series D Convertible Preferred Stock (the “Series D Preferred Stock”) with a stated value of $1,000 per share.  The Series D Preferred Stock carries a 0.0% dividend and is convertible into common shares at $1.38 per common share.  Each share of Series D Preferred Stock was sold at a price of $880.0522 for gross proceeds of $27.0 million. FuelCell Energy intends to use the net proceeds from this offering for working capital, project financing, and general corporate purposes.  Oppenheimer & Co. Inc. acted as the sole underwriter for the offering.    A shelf registration statement relating to the above-described securities was previously filed with and declared effective by the U.S. Securiti Show less Read more
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