Baird served as the Co-Lead Manager on this offering
AboutADA-ES, Inc. (NASDAQ: ADES) (“ADA-ES” or the “Company”) recently completed a follow-on offering of 2,000,000 shares of its common stock at $15.25 per share, generating gross proceeds of approximately $30.5 million. ADA-ES intends to use the net proceeds for designing, constructing and placing refined coal facilities into service, expanding to meet the demands resulting from the expected Maximum Achievable Control Technology, or MACT, regulations, and for working capital and general corporate purposes.
ADA-ES, headquartered in Littleton, CO, is a leader in clean coal technology and the associated specialty chemicals, serving the U.S. and Canadian coal-fueled power plant industry. The Company’s proprietary environmental technologies and specialty chemicals enable power plants to enhance existing air pollution control equipment, minimize mercury, CO2 and other emissions, maximize capacity, and improve operating efficiencies, to meet the challenges of existing and pending emission control regulations. ADA-ES assists electric utility companies to remain competitive while meeting environmental regulations.
For additional information about this transaction, please contact:
- October 2011
- ADA-ES, Inc.
- Target Location
- North America