ADA-ES Announces Exercise of Over-Allotment Option

ADA-ES, Inc. ADES today announced that the underwriters of its previously announced public offering of common stock have exercised in full their option to purchase an additional 300,000 shares of ADA common stock for additional net proceeds of approximately $4.3 million. As a result, ADA has issued a total of 2.3 million shares of common stock in connection with this public offering, generating total net proceeds of approximately $32.7 million. Lazard Capital Markets LLC acted as the sole book-running manager, Robert W. Baird & Co. Incorporated was the co-lead manager, and JMP Securities LLC was the co-manager of the offering.