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Additionally, the underwriters will be granted an option to acquire up to 1,200,000 additional shares of the company's common stock to cover over-allotments, if any.
Net proceeds are expected to be used by the company for the expansion of its biodiesel production capacity, wholesale distribution and retail gas station businesses and for working capital and general corporate purposes.
Oppenheimer & Co will act as the sole book-running manager for the offering.
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