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Stock impact report

Enphase Energy Announces $20 Million Private Equity Offering

Enphase Energy, Inc. (ENPH) 
Last enphase energy, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.enphase.com
Company Research Source: GlobeNewswire
PETALUMA, Calif., Feb. 05, 2018 (GLOBE NEWSWIRE) -- Enphase Energy Inc. (NASDAQ:ENPH), a global energy technology company, today announced that it entered into a securities purchase agreement to issue and sell 9,523,809 shares of the Company’s common stock at a price per share of $2.10 for gross proceeds of approximately $20.0 million to an entity affiliated with Isidoro Quiroga, a prominent Chilean entrepreneur and investor.  As part of the new investment, Mr. Quiroga or his designee will be entitled to a board observer position. Enphase anticipates using the funds from this investment for general corporate purposes. The offering is scheduled to close on February 9, 2018 and is subject to customary closing conditions.                                                                                                                                          “My top priority at Enphase is to build a solid financial foundation – improving the P&L, strengthening operations and fortifying Show less Read more
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