SulphCo completes offering
SulphCo Inc. of Sparks says it sold four million shares of its publicly traded common stock for $27.2 million. Half the shares were purchased by a private European investor, and half were purchased by investors who bought a SulphCo private placement in mid-2004.
The company said it will use the proceeds to finance the commercial rollout of its technology to reduce the sulphur content of crude oil before refining.
For Reno’s Marc Magarin, finding opportunities to collaborate with fellow creative thinkers and passionate entrepreneurs is what drew him into a coworking space.