Previous Close | 3.0900 |
Open | 3.0900 |
Bid | 3.0900 x 800 |
Ask | 3.1100 x 800 |
Day's Range | 2.6580 - 3.1700 |
52 Week Range | 0.3000 - 7.0400 |
Volume | 803,628 |
Avg. Volume | 1,639,873 |
Market Cap | 94.01M |
Beta (5Y Monthly) | 6.07 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.2880 |
Earnings Date | Nov 11, 2020 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Fuel Tech, Inc. (NASDAQ: FTEK) (or "the Company"), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the closing of its previously announced private placement that consisted of 5,000,000 shares of the Company’s common stock and warrants to purchase up to an aggregate of 2,500,000 shares of common stock, at purchase price of $5.1625 per share and associated warrant, that was priced at-the-market under Nasdaq rules.
Fuel Tech, Inc. (NASDAQ: FTEK) (or "the Company"), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it has entered into a definitive agreement with investors to purchase 5 million of its shares of common stock in a private placement priced at-the-market under Nasdaq rules. Additionally, the Company has also agreed to issue to the investors common stock purchase warrants to purchase up to an aggregate of 2.5 million shares of Common Stock. The combined purchase price for one share of common stock and a warrant to purchase half a share of common stock is $5.1625. The warrants have an exercise price of $5.10 per share, will be immediately exercisable, and will have a term of exercise that terminates 5.5 years following the effective date of the resale registration statement registering the shares and warrant shares.
Fuel Tech, Inc. (NASDAQ: FTEK) (or "the Company"), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it received a letter from the Listing Qualifications Department of the NASDAQ Stock Market ("NASDAQ") notifying the Company that it has regained compliance with the NASDAQ Capital Market's minimum bid price continued listing requirement set forth in Rule 5450(a)(1). Accordingly, NASDAQ considers this matter closed.