ZBB Energy Corporation announces pricing for common stock offering

Special to The Freeman

March 14, 2014

MENOMONEE FALLS ZBB Energy Corporation announced the pricing of its underwritten public offering Friday.

The Menomonee Falls-based developer of intelligent, renewable energy power platforms and hybrid vehicle control systems will sell 5.5 million registered shares of its common stock at a price to the public of $2.25 per share. ZBB Energy Corporation has also granted the underwriter a 30-day option to purchase up to an additional 825,000 shares of common stock from the company to cover over-allotments, if any, according to the announcement.

ZBB Energy Corporation plans to use the net proceeds of the offering for working capital and general corporate purposes. The offering is expected to settle and close on March 19, according to the announcement.