Tecogen Inc. announced the closing of its previously announced underwritten public offering on July 21, 2025. The offering included 3,985,000 shares of common stock, which incorporated the full exercise by the underwriter of its option to purchase an additional 485,000 shares. The shares were priced at $5.00 per share.
The gross proceeds from the offering totaled approximately $19,925,000 for Tecogen, before deducting underwriting discounts and commissions and other offering expenses. This capital infusion significantly enhances the company's financial resources.
The successful completion of this offering provides Tecogen with substantial funds to support its ongoing operations and strategic growth initiatives. This includes investments in manufacturing capacity and sales efforts, particularly as the company targets larger projects in the data center market.
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