Menomonee Falls-based ZBB Energy Corp. has announced it plans to raise $14.8 million through a public offering of 11.5 million shares of its common stock.
The company, which develops renewable energy power platforms and hybrid vehicle control systems, has priced the stock at $1.12. The underwriter, Craig-Hallum Capital Group LLC, has exercised its full overallotment option to purchase another 1.7 million shares.
The offering is expected to close on Aug. 27. The net proceeds for ZBB would be about $13.5 million, and the company plans to use the funds for general corporate and working capital.
