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ADA-ES, Inc. (Littleton, CO), a developer of activated carbon injection systems for removing mercury from the flue gases of coal-fired power plants, announced that it has priced a forthcoming offering of 2 million shares of common stock at $15.25 per share. Lazard Capital Markets, Robert W. Baird, and JMP Securities LLC are acting as underwriters for the offering. ADA-ES said that it will use the $28.4 million in net proceeds from the offering to support the design and construction of facilities to help power plants meet forthcoming maximum achievable control technology (MACT) standards for mercury and other hazardous air pollutants, as well as for general working capital purposes. ADA-ES’s stock currently trades on the Nasdaq exchange under the symbol “ADES.”
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