Five Companies Unveil Equity Offerings

    Five companies unveiled equity offerings after hours.

    Biotechnology services company Neostem Inc. (NBS) revealed plans to offer stock, but didn't say how many shares it plans to sell. Shares fell 4.8% after hours to 60 cents.

    New York Mortgage Trust Inc. (NYMT) plans to offer 13.6 million shares, intending to use the proceeds to acquire residential mortgage backed securities and for other purposes. The real estate investment trust recently had around 50.1 million shares outstanding. Shares fell 3.1% to $7.15 in after-hours trading.

    Northern Tier Energy LP (NTI) said Northern Tier Holdings LLC is offering 10 million units, decreasing its stake to 55.4% from 66.3%. The energy company's units were off 2.5% to $25.40 in after-hours trading.

    Macquarie Infrastructure Co. LLC (MIC) said it is offering 3.04 million shares, while Macquarie Investment Management, which owns a 12% stake in the company, is offering 2.49 million shares. The energy infrastructure owner, which recently had around 37.6 million shares outstanding, expects to use its portion of the proceeds to pay down debt. Shares rose fractionally to $54.15 after hours.

    Hydrogenics Corp. (HYGS, HYG.T) said it intends to offer an undisclosed number of shares, using the proceeds for general purposes. Shares of Hydrogenics, which makes hydrogen generation and hydrogen-based power modules, closed at $8.18 and were inactive after hours.

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