ZBB Energy Corporation announced the pricing of its previously announced underwritten public offering. The company is offering 5,500,000 registered shares of its common stock, par value $0.01 per share, at a price to the public of $2.25 per share. In connection with the offering, the Company has also granted the underwriter a 30-day option to purchase up to an additional 825,000 shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes. The offering is expected to settle and close on March 19, 2014, subject to the satisfaction or waiver of customary closing conditions.
National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. is acting as sole book-running manager for the offering. The Company is offering these securities pursuant to its existing shelf registration statement (File No. 333-171957), including a base prospectus, as declared effective by the Securities and Exchange Commission (the "SEC") on March 21, 2011. A final prospectus supplement describing the terms of the offering will be filed with the SEC.
