8-K: Current report filing
Published on June 9, 2021
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
On June 8, 2021, Clean Energy Fuels Corp., a Delaware corporation (the “Company”), sold 10,473,946 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), under the at-the-market equity offering program (the “New ATM Program”) it announced on June 7, 2021, and exhausted the New ATM Program in full. The Company received gross proceeds of $99,999,744 from the New ATM Program.
As previously disclosed, as of June 3, 2021, the Company also sold 12,362,237 shares of Common Stock under an at-the-market equity offering program (the “Prior ATM Program”) that was announced on May 10, 2021, which exhausted the Prior ATM Program in full. The Company received gross proceeds of $99,999,976 from the Prior ATM Program.
In the aggregate, the Company issued 22,836,183 shares of Common Stock and received gross proceeds of $199,999,720 pursuant to the New ATM Program and the Prior ATM Program. As previously disclosed, the Company intends to use the net proceeds from the New ATM Program and the Prior ATM Program for developing and acquiring renewable natural gas (“RNG”) production projects, building fueling stations to support contracted RNG fueling volume, and general corporate purposes.
At this time the Company has no plans to implement a new at-the-market equity offering program to raise additional capital. Any decision by the Company to access the capital markets in the future will be based upon all relevant factors at the time, including conditions in the public trading market for the Company’s securities, as well as the Company’s financial position, results of operations, cash flows, and capital requirements.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 9, 2021 | CLEAN ENERGY FUELS CORP. | |
By: | /s/ Andrew J. Littlefair | |
Name: Andrew J. Littlefair | ||
Title: President and Chief Executive Officer |