Pinnacle Renewable Holdings Inc. completes initial public offering

Pinnacle Renewable Holdings Inc. announced the successful closing of the initial public offering and secondary offering of its common shares. The Offering included a treasury offering by Pinnacle and a secondary offering of Common Shares by certain existing shareholders, at a price of $11.25 per Common Share. Pursuant to the Offering, Pinnacle sold 6,223,889 Common Shares for total gross proceeds of approximately $70 million and the Selling Shareholders sold 7,111,111 Common Shares for total gross proceeds of approximately $80 million.

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