Filed Pursuant to Rule 424(b)(3)
PROSPECTUS SUPPLEMENT NO. 2
Supplemented by Prospectus Supplement No. 1
INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC.
Subscription
Rights to Purchase Up to 15,000 Units
Consisting of an Aggregate of Up to 15,000 Shares of Series B-3 Preferred Stock
and Warrants to Purchase Up to 515,625 Shares of Common Stock
at a Subscription Price of $1,000.00 Per Unit
This Prospectus Supplement No. 2 (the “Prospectus Supplement”) updates, amends and supplements the prospectus dated January 31, 2020 (as supplemented by Prospectus Supplement No. 1 dated February 20, 2020, the “Prospectus”), which forms a part of our Registration Statement on Form S-1 (Registration No. 333-235280).
Capitalized terms used in this Prospectus Supplement and not otherwise defined herein have the meanings specified in the Prospectus.
On March 4, 2020, the subscriptions were settled, and the Company issued an aggregate of 350 shares of Series B-3 Preferred Stock and 12,029 Warrants, with each Warrant exercisable for one share of Common Stock at an exercise price of $0.0001 per share, resulting in proceeds to the Company of approximately $350,000.00, prior to deducting expenses relating to the Rights Offering, and excluding any proceeds received upon exercise of any Warrants. On March 4, 2020, we filed with the
Securities and Exchange Commission a Current Report on Form 8-K to announce the settlement of the Rights Offering. We are filing this Prospectus Supplement to update and supplement the information included in the Prospectus.
This Prospectus Supplement is not complete without the Prospectus. This Prospectus Supplement should be read in conjunction with the Prospectus, which is to be delivered with this Prospectus Supplement, and is qualified by reference thereto, except to the extent that the information in this Prospectus Supplement updates or supersedes the information contained in the Prospectus. Please keep this Prospectus Supplement with your Prospectus for future reference.
Investing in our securities involves a high degree of risk.
See "Risk Factors" beginning on page 28 of the Prospectus. You should carefully consider these risk factors, as well as the information contained in the Prospectus, as amended by this Prospectus Supplement, before you invest.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prospectus or this Prospectus Supplement. Any representation to the contrary is a criminal offense.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
Infrastructure and Energy Alternatives, Inc.
(Exact Name of Registrant as Specified in Charter)
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| | | | |
Delaware | | | | 47-4787177 |
(State
or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
|
| | |
6325 Digital Way Suite 460 | | |
(Address
of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (765) 828-2580
None.
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
|
| | | | |
Title
of each class | | Trading Symbols(s) | | Name of exchange on which registered |
Common Stock, $0.0001 par value | | IEA | | The NASDAQ Stock Market LLC |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item
8.01 Other Events.
On March, 3, 2020, the Company issued a press release announcing the results of its previously announced rights offering (the “Rights Offering”). The Rights Offering was conducted pursuant to the Company’s effective registration statement on Form S-1, as amended (Registration Statement No. 333-235280), previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”).
The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
On March 3, 2020, in connection with the settlement of the Rights Offering, the Company entered into a Warrant Agreement with Continental Stock Transfer & Trust Company. A copy of the Warrant Agreement is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated by reference herein.
On March
4, 2020, the subscriptions were settled, and the Company issued an aggregate of 350 shares of Series B-3 Preferred Stock and 12,029 warrants, with each warrant exercisable for one share of common stock at an exercise price of $0.0001 per share, resulting in proceeds to the Company of approximately $350,000.00, prior to deducting expenses relating to the Rights Offering, and excluding any proceeds received upon exercise of any warrants.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
| | |
Exhibit
Number | | Description |
4.1 | | |
99.1 | | |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| INFRASTRUCTURE
AND ENERGY ALTERNATIVES, INC. |
| |
| By: | |
| |
| Title: Vice President, General Counsel and Corporate Secretary |
