2d illustrations and photos/iStock via Getty Images Clean Energy Technologies (OTCQB:CETY) has proposed terms for a downsized $10M offering and uplisting to Nasdaq. The energy technology provider said in a filing that it is now looking at offering 2.2M shares priced between $4 and $5, which would raise around $10M if priced at the midpoint at $4.50 per share. Underwriters would be granted a 45-day option to buy up to 333K shares to cover any over-allotments. Clean Energy shares currently trade OTC under the symbol CETY. The company hopes to uplist the shares to Nasdaq under the same symbol. It also plans to conduct a 1-for-125 reverse stock split ahead of the offering. Craft Capital Management is serving as lead bookrunner. Based in California, Clean Energy is a provider of waste heat recovery and waste-to-energy solutions. The company also provides project management and…
Clean Energy Technologies proposes terms for downsized $10M offering, uplisting
