CICERO, Ill., May 27, 2021 (GLOBE NEWSWIRE) — Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the completion of its previously announced at-the-market equity program.
On March 9, 2021, Broadwind announced that it had entered into an equity distribution agreement under which the Company may sell from time to time through Craig-Hallum Capital Group LLC up to $10 million of common stock under the Company’s effective “shelf” registration statement (the “Registration Statement”) on Form S-3 (File No. 333-248107), including the related prospectus and prospectus supplement.
As of May 26, 2021 the Company had sold an aggregate of 1.9 million shares of common stock, resulting in net proceeds of $9.7 million, thereby completing the program.
This release contains “forward looking statements”—that is, statements…