ZBB Energy Corp., a developer of energy storage technologies for utility and commercial customer applications, announced the completion of its initial public offering of 3,333,333 shares of its common stock. The shares are listed on the American Stock Exchange under the symbol "ZBB" and were sold at an initial public offering price of $6.00 per share, totalling $20 million in proceeds.
Jesup and Lamont Securities, Empire Financial Holdings Company and Maxim Group, LLC acted as co-managers of the offering. A copy of the final prospectus relating to the offering may be obtained from Jesup & Lamont Securities.
The company’s patented "flowing electrolyte" battery can be packaged in customized systems for voltage regulation and system stability; power quality/UPS; peak shaving/plant deferral; and renewables support. The ZBB battery is claimed to be a clean, quiet, reliable alternative to gensets and other power generation technologies.