sur Tecogen, Inc. (NASDAQ:TGEN)
Tecogen Inc. Announces Public Offering of Shares
Tecogen Inc., a manufacturer of clean energy products, unveiled the pricing details of an underwritten public offering. The company plans to sell 3.5 million shares of common stock at $5 each, aiming to generate approximately $17.5 million in gross proceeds. The transaction is expected to conclude around July 21, 2025, pending standard conditions. Furthermore, underwriters have a 45-day option to purchase an additional 485,000 shares at the offering price.
Managed exclusively by Roth Capital Partners, the proceeds will fund Tecogen's product development, sales and marketing expansions, and a strategic entry into the data center market. Additional forms filed with the SEC corroborate this offering. While a final prospectus will follow, this release does not equate to selling or purchasing encouragement for these securities.
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