U.S. Geothermal Inc. Announces Share Purchase Agreement With Lincoln Park Capital Fund, LLC

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

U.S. Geothermal (NYSE: HTM) announced today that it has signed a purchase agreement with Lincoln Park Capital Fund, LLC ("LPC"), a Chicago-based institutional investor, for the sale from time to time over a 36-month period of up to $10.75 million of U.S. Geothermal Inc. common stock. The agreement provides for an initial sale of $750,000 upon closing. The securities LPC has agreed to purchase under this agreement will be offered through a prospectus supplement pursuant to U.S. Geothermal's effective shelf registration statement and base prospectus contained therein. Kuhns Brothers Securities Corporation ("KBSC") acted as placement agent on behalf of the Company in connection with the transaction. The net proceeds from LPC's investments will be used to support ongoing construction projects, if required, and for general corporate purposes.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!