PROFIRE ENERGY, INC. (NASDAQ:PFIE) Files An 8-K Other EventsItem 8.01 Other Events.
Pricing of Secondary Public Offering of Common Stock
On June29, 2018, Profire Energy,Inc. (the “Company”) issued a press release announcing the pricing of a secondary public offering (the “Offering”) of 7,500,000 shares of its common stock, to be sold by certain of the Company’s stockholders (the “Selling Stockholders”) at a public offering price of $3.25 per share to a syndicate of underwriters led by sole book-running manager Roth Capital Partners. Lake Street Capital Markets and Chardan are acting as co-managers in the Offering. The Offering of 7,500,000 shares of common stock is expected to settle on July 3, 2018, subject to customary closing conditions. The Company is not selling any shares of its common stock in this Offering and will not receive any proceeds from the sale of the shares by the Selling Stockholders. A copy of the press release is furnished as Exhibit99.1 to this Current Report and is incorporated by reference into this Item 8.01.
Financial Statements and Exhibits
Press Release of Profire Energy, Inc., dated June 29, 2018.
PROFIRE ENERGY INC ExhibitEX-99.1 2 ex991s3pricingpressrelease.htm EXHIBIT 99.1 Exhibit Profire Energy,…To view the full exhibit click
About PROFIRE ENERGY, INC. (NASDAQ:PFIE)
Profire Energy, Inc. is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels. It offers burner-management systems, which help to ignite, monitor and manage the burner flame. Its solution, the PF3100, helps manage and synchronize custom applications helping oilfield producers meet deadlines through an off-the-shelf solution with dynamic customization. It also sells complementary oilfield products. Such products help manage fuel flow (such as valves and fuel trains), meter air flow (such as airplates), generate power on-site (such as solar packages), ignite and direct flame (such as flare stack igniter and nozzles), and other functions. In addition to the burner-management systems and complementary technologies, it also offers chemical-management systems.