Hydrogenics Closes Underwritten Public Offering and Full Exercise of Over-Allotment Option; Shares Up 1%

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Hydrogenics Corp. ( HYGS ) shares are up 1.0% as the developer and manufacturer of hydrogen generation and hydrogen-based power modules completed its previously announced underwritten public offering of 891,250 common shares at a price of $7.75 per share for proceeds before expenses of $6.49 million.

The company intends to use the net proceeds from the offering for general corporate purposes.

HYGS is trading at $8.39, off a day high $8.50 but at the high end of a 52-week range of $4.62 - $9.54.



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This article appears in: Investing , Commodities

Referenced Stocks: HYGS

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