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.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.