BioHiTech Global Announces Pricing of $8.2 Million Public Offering of Common Stock

7/27/20

BioHiTech Global, Inc., (Nasdaq: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, today announced the pricing of its underwritten public offering of 4,550,000 shares of its common stock at a public offering price of $1.81 per share. The gross proceeds from the public offering will be approximately $8.2 million, before deducting underwriting discounts and commissions and estimated offering expenses.

Maxim Group LLC is acting as the lead book-running manager for the offering and Spartan Capital Securities, LLC is acting as co-book runner for the offering.

BioHiTech Global also has granted to the underwriter a 45-day option to purchase up to an additional 682,500 shares of common stock, at the public offering price less discounts and commissions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About BioHiTech Global

BioHiTech Global, Inc. (NASDAQ: BHTG), is changing the way we think about managing waste. Our cost-effective technology solutions include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. Our unique solutions enable businesses and municipalities of all sizes to lower disposal costs while having a positive impact on the environment. When used individually or in combination, our solutions lower the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage. For more information, please visit www.biohitech.com.