SAN FRANCISCO, June 13, 2013 (GLOBE NEWSWIRE) -- ECOtality, Inc. (Nasdaq:ECTY), a leader in clean electric transportation, today announced that it has signed a definitive Securities Purchase Agreement (the "Agreement") to raise approximately $8.19 million in gross proceeds in a private placement of 5,123,423 shares of Common Stock priced at $1.60 per share to certain institutional investors. Craig-Hallum Capital Group LLC acted as the sole placement agent for the offering. The offering is anticipated to close on or about June 17, 2013, subject to customary closing conditions.
ECOtality Raises $8.19 Million In Private Placement
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts