Heritage-Crystal Clean Files To Raise Capital (HCCI)

HERITAGE-CRYSTAL CLEAN, INC. (NASDAQ: HCCI) has filed to raise capital in a $75 million securities shelf registration statement with the Securities and Exchange Commission.  While this is not an imminent capital raise, the filing allows for the sale of up to $75 million in any combination of the following securities: Common Stock, Preferred Stock, Warrants, Depositary Shares, Stock Purchase Contracts, Stock Purchase Units, and Rights. The company claims to be the  is the second largest provider of parts cleaning services in the U.S. and a leading provider of containerized waste services that focuses on small and mid-sized customers. The company’s market capitalization is only about $300 million and at $20.90 it has a 52-week trading range of $10.55 to $22.56.