GT Solar prices $121M secondary stock offering (Boston)
GT Solar Inc. has priced 25 million shares of its common stock for a secondary offering that could bring the Merrimack, N.H. company about $121.25 million.
The shares, being sold by GT Solar Holdings LLC, are priced at $4.85 per share. Underwriters have an option to buy up to 3.75 million additional shares at the same price to cover over-allotments.
GT Solar develops technology and manufacturing equipment associated with the production of photovoltaic wafers, cells and modules, and polysilicon.
UBS Securities LLC and Credit Suisse Securities LLC served as the joint bookrunning managers for the public offering.
Read the full story via Mass High Tech.
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