There has been no fresh news about CleanTech Acquisition Corp (OTCMKTS:CLAQR) this month so far but investors seemed to have taken a shine to the stock on Thursday. Yesterday, the stock ended the day with gains of as much as 6% and it could come into attention today as well.
In this tuition, investors perhaps need to take a look at the last important news that had emerged with regards to CleanTech. That can often provide some idea about the company’s situation. Back on July 28, CleanTech announced that the underwriters who had been involved with its initial public offering chose to exercise their over-allotment option and took up as many as 2250000 units.
In this regard, it should be noted that these units had actually been part of the 17250000 units that had actually been sold at the actual offering. At the initial public offering, the units were sold for $10 a share and that brought in a total of $172,500,000 in the form of gross proceeds for CleanTech. The unit in the company was made up of one share of the CleanTech common stock and one half of a share warrant that was redeemable.