Tecogen Inc. (TGEN) has priced an underwritten public offering of 3,500,000 shares of its common stock at $5 per share, generating gross proceeds of approximately $17,500,000.
The offering is expected to close on or about July 21, 2025. Tecogen plans to use the net proceeds to support continued product development, expand sales and marketing efforts, add human resources, fund capital expenditures, and cover other costs and expenses.