Canadian Solar Inc., one of the world’s largest solar power companies, recently announced that it has filed a prospectus supplement to sell up to an aggregate of US$100.0 million of its common shares through an at-the-market equity offering program. The common shares will be offered through Credit Suisse as sales agent.
Sales, if any, of the common shares under the at-the-market equity offering program will be made from time to time, at the Company’s discretion, by means of ordinary broker transactions, including on the NASDAQ, in negotiated transactions at market prices, or as otherwise agreed with the sales agent. Canadian Solar intends to use the net proceeds from the sales of its common shares for general corporate purposes, which may include solar power project development and working capital.
The common shares will be offered under the Company’s automatic shelf registration statement on Form F-3, which was filed on January 4, 2016 and became effective upon filing. A prospectus supplement and a related base prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission (the “SEC”). Investors are advised to read the prospectus supplement and the related base prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the at-the-market offering.