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  • Capital Power Corporation (CPX) has completed its public offering of 7,480,750 common shares
  • This included 975,750 common shares that were issued pursuant to the full exercise of the over-allotment option
  • Total gross proceeds from the offering totalled approximately $288 million
  • Capital Power intends to use the net proceeds to fund growth initiatives and for general corporate purposes
  • Capital Power is a Canadian-based wholesale power producer with a strategic focus on sustainable energy
  • Capital Power Corporation (CPX) opened trading at C$38.58 per share

Capital Power Corporation (CPX) has completed its previously announced public offering of 7,480,750 common shares.

This included 975,750 common shares that were issued pursuant to the full exercise of the over-allotment option, at an issue price of $38.45 per common share.

Total gross proceeds from the offering totalled approximately $288 million.

Capital Power intends to use the net proceeds to fund growth initiatives, including its development pipeline that currently has 985 megawatts (MW) in advanced stages of development and for general corporate purposes.

Capital Power is a Canadian-based wholesale power producer with a strategic focus on sustainable energy. The company builds, owns and operates high-quality, utility-scale generation facilities that include renewables and thermal. Capital Power owns over 6,400 MW of power generation capacity at 26 facilities across North America.

Capital Power Corporation (CPX) opened trading at C$38.58 per share.

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