Olshan Represents Underwriters in Public Offering of Pioneer Power Solutions
Pioneer Power Solutions, Inc., a manufacturer of specialty electrical transmission and distribution equipment, announced the pricing of a public offering of 1,100,000 shares of common stock, which will begin trading on the Nasdaq Capital Market under the symbol "PPSI." Pioneer intends to use the proceeds of this offering to repay its outstanding borrowings with Bank of Montreal, with the remaining balance to be used to fund acquisitions and working capital. Olshan Partners Robert Frome and Kenneth Schlesinger with Associate Marisa Lusthaus represented Roth Capital Partners and Monarch Capital Group, the underwriters of the public offering. Associates Johnathan Duncan and Jason Soncini also assisted with the matter.