Canadian Solar is planning to sell up to $100m worth of shares, the proceeds of which could be used for future project development.
The money raised will also be used for general corporate purposes and working capital.
The company said the shares would be sold through an at-the-market equity offering program, with Credit Suisse acting as sales agent.
“Sales, if any, of the common shares under the at-the-market equity offering program will be made from time to time, at the Company’s discretion, by means of ordinary broker transactions, including on the NASDAQ, in negotiated transactions at market prices, or as otherwise agreed with the sales agent,” the company said.
It added that a prospectus supplement and a related base prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission.
“Investors are advised to read the prospectus supplement and the related base prospectus and other documents the company has filed with the SEC for more complete information about the company and the at-the-market offering,” Canadian Solar said.
Image: Canadian Solar
