Clean Energy Technologies Revises Nasdaq Listing Terms Again

U.S. renewable and energy efficient products and solutions provider Clean Energy Technologies Inc (OTCQB:CETY) has once again reduced the number of shares it will offer in its planned Nasdaq listing upgrade, cutting target gross revenue to approximately $4.88 million ($4.55 million). Euro).

Under the amended terms, the energy processing solutions provider will place approximately 975,000 shares in the deal. The expected price range remains unchanged at $4.00-5.00 per share, as shown by Monday’s updated prospectus.

At the same time, the number of shares offered by insiders rose again to around 3.64 million from 2.96 million. CETY will not receive any proceeds from the sale of these shares.

Initially, CETY planned to place about 2.22 million shares of common stock in the IPO. In mid-February, that number was changed to just over 1.11 million.

CETY shares last traded 6.46% lower at $4.20 a share on the OTCQB market. The market capitalization of the company there is about US$156 million.

(1 USD = 0.933 EUR)

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