ROTH Capital Partners Acts as Sole Book-Running Manager
for Pioneer Power Solutions, Inc. (Nasdaq: PPSI)
in its $5.2 Million Follow-On

   

For more information please contact:

Investment Banking
Robert Stephenson
Managing Director
(949) 720-5750
rstephenson@roth.com

Jesse Pichel
Managing Director
(646) 358-1919
jpichel@roth.com

Brian Kremer
Director
(949) 720-5726
bkremer@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703
agurewitz@roth.com

Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com

Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced the closing of its previously announced underwritten public offering of 1,125,000 shares of its common stock, as well as the sale of 168,750 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the price of $4.00 per share, resulting in the gross proceeds for Pioneer Power Solutions, Inc. to be approximately $5.2 million. Pioneer Power Solutions, Inc. intends to use the proceeds from this offering to repay a portion of its outstanding borrowings under its revolving credit facilities with Bank of Montreal and for general working capital purposes.

ROTH Capital Partners acted as the sole book-running manager for the offering.

About Pioneer Power Solutions, Inc. (PPSI)
Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company's principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service organization to maintain and repair power generation assets. Pioneer is headquartered in Fort Lee, New Jersey and operates from 14 additional locations in the U.S., Canada and Mexico for manufacturing, centralized distribution, engineering, sales, service and administration. To learn more about Pioneer Power, please visit www.pioneerpowersolutions.com. (Source:  Company Press Release | 10/5/15)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. and Hong Kong. For more information on ROTH, please visit www.roth.com.

  
 

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2015.