Tecnoglass announced the start of a public underwritten offering of a total of 2,000,000 common shares to be sold by Energy Holding Corporation, the main shareholder.
In addition, the seller expects to grant the underwriters a 30-day option to purchase up to 300,000 additional common shares.
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The Barranquilla company, producer of architectural glass, said that all common shares to be sold in the proposed offer are being offered by the Selling shareholder and clarified that the company will not receive any proceeds from the sale of the offered common shares.
Baird, Raymond James and Stifel are acting as joint lead book management managers for the proposed offering.
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It also ensured that the public offering price of $43.00 per share.
