Shares of SmartHeat Inc HEAT are getting hit hard today,
The company priced its 5 millionn share common stock offering at $5 per share.
At last check, shares of HEAT were off 60 cents to trade at $5.05, a loss of 10.62%.
SmartHeat designs, manufactures, sells, and services plate heat exchangers (PHE) and related systems used in the industrial, residential, and commercial markets in China.
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