Tuesday, Fushi Copperweld Inc. (FSIN) commenced an underwritten public follow-on offering of 5 million shares of its common stock. In connection with this offering, the company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
The company intends to use the net proceeds from the offering to repay indebtedness and for working capital and other general corporate purposes, which may include, among other things, the expansion of existing capacity and potential acquisitions. Jefferies & Co. Inc. is acting as sole book-running manager for the offering. Roth Capital Partners, LLC will serve as co-lead manager. Rodman & Renshaw, LLC will serve as co-manager.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.