HERITAGE-CRYSTAL CLEAN, INC. (NASDAQ: HCCI) has filed to raise capital in a $75 million securities shelf registration statement with the Securities and Exchange Commission. While this is not an imminent capital raise, the filing allows for the sale of up to $75 million in any combination of the following securities: Common Stock, Preferred Stock, Warrants, Depositary Shares, Stock Purchase Contracts, Stock Purchase Units, and Rights. The company claims to be the is the second largest provider of parts cleaning services in the U.S. and a leading provider of containerized waste services that focuses on small and mid-sized customers. The company’s market capitalization is only about $300 million and at $20.90 it has a 52-week trading range of $10.55 to $22.56.
Heritage-Crystal Clean Files To Raise Capital (HCCI)
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Jon C. Ogg
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Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
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