Advanced Emissions Solutions Commences Public Offering Of Common Stock

HIGHLANDS RANCH, Colo., Nov. 14, 2013 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") today announced its intention to offer, subject to market and other conditions, shares of its common stock in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase additional shares of common stock to cover over-allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the proceeds from this offering for general working capital and corporate purposes, to partially execute against its increasing Emissions Control backlog (which was $56.6 million on 9/30/13), and to allow it to take advantage of growth opportunities. The offering is expected to price before 9:30 am EDT on November 15, 2013.

Cowen and Company, LLC is acting as the sole book-running manager, Needham & Company LLC, Lake Street Capital Markets LLC, and Northland Capital Markets are co-managers of the offering.

The Company intends to offer and sell these securities pursuant to the Company's effective shelf registration statement on Form S-3 (Registration No. 333-171936), including the base prospectus dated July 18, 2013 contained therein. A prospectus supplement describing the terms of the offering will be filed with the Securities and Exchange Commission and will form a part of the effective registration statement. When available, copies of the preliminary prospectus supplement, the final prospectus supplement and accompanying base prospectus related to this offering may be obtained from the Securities and Exchange Commission's website at http://www.sec.gov . When available, electronic copies of the preliminary prospectus supplement, the final prospectus supplement and accompanying base prospectus related to this offering may also be obtained from Cowen and Company, LLC (c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, Phone: 631-274-2806, Fax: 631-254-7140). Before you invest, you should read the preliminary prospectus supplement, the final prospectus supplement and the accompanying base prospectus in the registration statement and other related documents incorporated by reference therein.

This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of the Company, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

If you liked this article you might like

Some Divine Investing Ideas From Apollo Global Management

Advanced Emissions Solutions (ADES) Stock Closed Down Today on NASDAQ Decision to Delist Shares

Commit To Purchase Advanced Emissions Solutions At $20, Earn 20.9% Annualized Using Options

Bullish Two Hundred Day Moving Average Cross - ADES

5 Stocks Soaring on Unusual Volume