CDTI: Stock offering terms disclosed.

Zacks Small Cap Research
July 1, 2013

By Ian Gilson, PhD, CFA

The public offering, with Roth Capital Partners, LLC as sole manager, consists of 1.6 million shares priced at $1.245 and warrants to purchase 0.8 million shares with an exercise price of $1.25. The warrants are immediately exercisable for a period of five years. The underwriters have a 30 day option to acquire 240,000 shares and 120,000 warrants. The offering will be priced on or about July 3, 2013.

Clean Diesel Technologies Inc. (CDTIhas also agreed to convert $0.235 million in principle and interest to common stock and to sell $100,000 of common stock to a director, Dr. Lon Bell, in a private placement.

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