FAQ: Comstock Inc.'s $30 Million Public Offering for Solar Panel Recycling Expansion
Summary
What is the purpose of Comstock Inc.’s public offering?
The public offering aims to raise approximately $30 million to finance the commercialization of Comstock’s first industry-scale solar panel recycling facility, advance additional site selection, cover development costs, and repay debt.
How much does Comstock Inc. expect to raise from the public offering?
Comstock Inc. expects gross proceeds of approximately $30 million before expenses from the offering of 13,333,334 shares at $2.25 per share.
What will the funds from the public offering be used for?
The funds will be used to fully finance the commercialization of a solar panel recycling facility capable of processing over 3 million panels annually, advance additional site selection, cover development costs, and repay debt.
Who is leading Comstock Inc.’s public offering?
The public offering is led by Titan Partners Group, with a 30-day option for underwriters to purchase up to 2 million additional shares.
When is Comstock Inc.’s public offering expected to close?
The offering is expected to close on August 14, 2025, subject to customary conditions.
What is the capacity of Comstock Inc.’s planned solar panel recycling facility?
The planned facility is capable of processing over 3 million solar panels annually.
How does this public offering benefit Comstock Inc.?
The offering eliminates all outstanding debt and strengthens the Company’s cash position to accelerate growth in its recycling business, according to CEO Corrado De Gasperis.
Where can I find more information about Comstock Inc.?
More information about Comstock Inc. can be found on their website at www.comstock.inc.
What is GreenEnergyStocks?
GreenEnergyStocks is a specialized communications platform focused on companies shaping the future of the green economy, part of the Dynamic Brand Portfolio @ IBN.
Where can I view the full press release about Comstock Inc.’s public offering?
The full press release can be viewed at https://ibn.fm/p7EZl.
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