PRLog - May 20, 2014 - ALBUQUERQUE, N.M. -- (OTC QX:ENPT), makers of Pulstar® Pulse Plugs, announced on May 16 the pricing of an underwritten public offering of 5,000,000 shares of its common stock and 5,000,000 warrants to purchase 7,500,000 shares of common stock at an offering price of $0.75 per share and $0.05 per warrant.
Enerpulse Technologies, manufacturer of low emission ignition products
“The announcement about the public offering of our stock is great news for our company,” said Joseph Gonnella, CEO of Enerpulse Technologies. “It is another confirmation of the confidence the market places in our groundbreaking, high-energy automotive spark plug technology.”
Unlike conventional spark plugs, Pulstar Pulse Plugs use an integrated capacitor that stores and compresses electrical energy to intensify the spark. This process increases fuel economy and engine performance – a revolutionary benefit unattainable by any conventional spark plug on the market. The company has sold over a million Pulstar Pulse Plugs into the automotive and power sports aftermarket.
Roth Capital Partners is the sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.
Read more about the Enerpulse Technologies public offering announcement:
For more information on Enerpulse Technologies and the company’s complete line of Pulstar Pulse Plugs, phone 888-800-6700 or visit www.pulstar.com.
Enerpulse Technologies, Inc. is a publicly traded company headquartered in Albuquerque, N.M. Founded in 2004; the company develops and manufactures high performance, low emissions ignition products through the application of pulse power technology. Results from independent testing labs have shown the company’s Pulse Plugs have produced higher torque and horsepower over conventional spark plugs while also reducing fuel consumption and producing lower emissions. For more information, visit www.enerpulse.com.