December 9, 2009 (FinancialWire) — Comverge, Inc. (NASDAQ: COMV), a provider of comprehensive smart grid, demand management, and energy efficiency solutions, announced that the underwriters of its previously announced public offering of 2,400,000 shares of common stock have fully exercised their over-allotment option and purchased an additional 360,000 shares of common stock from the company at the public offering price of $10.50 per share less the underwriting discount.

Total additional net proceeds to Comverge from the exercise of the over-allotment option are expected to be approximately $3.7 million. Comverge expects to use the net proceeds from the exercise of the over-allotment option 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.

RBC Capital Markets Corp. and Lazard Capital Markets LLC acted as joint book-running managers for the offering. Robert W. Baird & Co. Inc. and Stephens Inc. acted as co-managers.

The shares were offered through Comverge’s effective shelf registration statement.

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