November 20, 2009 (FinancialWire) — Comverge, Inc. (NASDAQ: COMV) has priced an underwritten offering of 2.4 million shares of common stock at $10.50 per share. RBC Capital Markets (NYSE: RY) and Lazard Capital Markets (NYSE: LAZ) acted as joint book-running managers.

The company has also granted the underwriters the option to purchase up to 360,000 additional shares of common stock to cover over-allotments, if any.

Comverge plans to use the net proceeds from this offering of approximately $23.5 million (and the net proceeds from any exercise of the underwriters’ option to purchase additional shares of common stock) to repay outstanding indebtedness, finance the capital requirements of its current and future contracts, as well as research and development, and for other general corporate purposes.

Comverge is a provider of electric capacity.

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