Birchtech Prices $15M Offering, Secures NYSE American Uplisting
Birchtech priced a public offering of 6,250,000 shares at $2.40 per share, raising $15.0 million gross proceeds for operating expenses, working capital and general corporate purposes. Its common stock was approved to begin trading on NYSE American under the symbol BCHT, replacing OTCQB trading while retaining its TSX listing.
1. Offering Details
Birchtech announced an underwritten public offering of 6,250,000 common shares at $2.40 per share, generating approximately $15.0 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 937,500 additional shares at the same price to cover any over-allotments.
2. Use of Proceeds
The net proceeds from the offering, combined with existing cash, will fund continuing operating expenses, working capital requirements and other general corporate purposes, supporting the development and commercialization of the company’s specialty activated carbon technologies.
3. Uplisting to NYSE American
Common stock was approved for listing on NYSE American and is expected to commence trading under the symbol BCHT on February 26, 2026. Upon uplisting, trading on the OTCQB market will cease, while the Toronto Stock Exchange listing will remain unaffected.