Olshan Represents Underwriters in Public Offering of Pioneer Power Solutions
September 30, 2015
Pioneer Power Solutions, Inc. (NASDAQ: PPSI), a manufacturer of specialty electrical transmission and distribution equipment, announced the pricing of a public offering of 1,125,000 shares of common stock at a price of $4.00 per share. Pioneer intends to use the proceeds of this offering to repay its outstanding borrowings under its revolving credit facilities with Bank of Montreal, with the remaining balance to be used to fund general working capital. Olshan Corporate partners Robert Frome and Kenneth Schlesinger represented Roth Capital Partners and Monarch Capital Group, the underwriters of the public offering.