CHESTNUT RIDGE, N.Y.,
July 29, 2020 /PRNewswire/
-- BioHiTech Global, Inc., (Nasdaq: BHTG) ("BioHiTech," or the
"Company"), a technology and services company that provides
cost-effective and sustainable waste management solutions, today
announced it closed its previously announced underwritten public
offering of 4,550,000 shares of its common stock at a public
offering price of $1.81 per share. In
addition, BioHiTech granted to Maxim Group LLC a 45-day option to
purchase up to an additional 682,500 shares of common stock for the
purposes of covering any over-allotments.
Maxim Group LLC acted as the lead book-running manager for the
offering and Spartan Capital Securities, LLC acted as
co-book-runner for the offering.
The securities described above were offered by BioHiTech
pursuant to a Registration Statement on Form S-3 (File No.
333-225999) previously filed and declared effective by the
Securities and Exchange Commission (SEC) on July 11, 2018. The securities were offered by
means of a prospectus supplement and accompanying prospectus,
forming part of the registration statement. The prospectus
supplement and accompanying prospectus relating to this offering
have been filed with the SEC. Electronic copies of the prospectus
supplement and the accompanying prospectus relating to this
offering may be obtained from Maxim Group LLC, 405 Lexington
Avenue, 2nd Floor, New York, NY
10174, at 212-895-3745. Electronic copies of the prospectus
supplement and accompanying prospectus are also available on the
website of the SEC at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About BioHiTech Global
BioHiTech Global, Inc. (NASDAQ: BHTG), is changing the way we
think about managing waste. Our cost-effective technology
solutions include the patented processing of municipal solid waste
into a valuable renewable fuel, biological disposal of food waste
on-site, and proprietary real-time data analytics tools to reduce
food waste generation. Our unique solutions enable businesses and
municipalities of all sizes to lower disposal costs while having a
positive impact on the environment. When used individually or
in combination, our solutions lower the carbon footprint associated
with waste transportation and can reduce or virtually eliminate
landfill usage. For more information, please visit
www.biohitech.com.
Forward Looking Statements
Statements in this document contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements, including statements about the benefits
of this leasing program, potential improvements to cash flow, and
the growth of its digester business, are based on many assumptions
and estimates that may involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of BioHiTech Global, Inc. to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. BioHiTech Global, Inc. assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. Our actual results may differ materially from the results
anticipated in these forward-looking statements due to a variety of
factors, including, without limitation those set forth as "Risk
Factors" in our filings with the SEC. There may be other factors
not mentioned above or included in the BioHiTech's SEC filings that
may cause actual results to differ materially from those projected
in any forward-looking statement. BioHiTech Global, Inc. assumes no
obligation to update any forward-looking statements as a result of
new information, future events or developments, except as required
by securities laws.
Company Contact:
BioHiTech Global, Inc.
Richard Galterio
Executive Vice President
Direct: 845.367.0603
rgalterio@biohitech.com
www.biohitech.com
Investors:
ir@biohitech.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/biohitech-global-inc-announces-closing-of-8-2-million-underwritten-public-offering-301102448.html
SOURCE BioHiTech Global, Inc.