Pacific Ethanol issues 7.6M new shares to cover $8M capital raise

March 20, 2012 |

In California, Pacific Ethanol has issued 7.6 million shares of common stock at a price of $1.05 to the investors from 11 private equity funds who participated in an $8 million private offering in December. The deal at the time was based on a $1.5 per share strike price for five-year warrants.

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