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Juhl Energy revises public offering to sell 20 million common shares
Northland Capital Markets assists in funding new project development
By Devika Patel
Knoxville, Tenn., June 6 – Juhl Energy, Inc. will sell 20 million common shares in a public offering with a 30-day greenshoe of 3 million additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced as an offering of 15 million shares on May 2.
Northland Capital Markets is the sole bookrunning manager.
Proceeds will be used to make payments on an 8% amortizing promissory note held by Vision Opportunity Master Fund, Ltd. and for new project development and acquisitions, working capital and general corporate purposes.
Juhl Energy is a renewable-energy company based in Pipestone, Minn.
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