Tecogen (TGEN) Prices 3.5M Share Offering at $5/sh

Tecogen Inc. ("Tecogen" or "Company"), (NYSE American: TGEN), a leading manufacturer of clean energy products, today announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at a price to the public of $5 per share. The gross proceeds from the offering to Tecogen are expected to be approximately $17,500,000, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on or about July 21, 2025, subject to customary closing conditions. In addition, Tecogen has granted the underwriters a 45-day option to purchase up to 485,000 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

Roth Capital Partners is acting as the sole manager for the offering.

Tecogen intends to use the net proceeds from the offering for continued product development, increased sales and marketing activities, sales, marketing, additional human resources, capital expenditures, and other costs and expenses it may incur in connection with its anticipated expansion into the data center market, and for general working capital and corporate purposes.

You May Also Be Interested In

• Alnylam Pharmaceuticals (ALNY) PT Lowered to $410 at Truist Securities
• DarioHealth projects AI platform to lift recurring revenue 10-15%
• BNB Plus Corp. to move from Nasdaq to OTCQB after delisting ruling