RGS Energy Completes $1.8 Million Common Stock and Warrant Financing
REAL GOODS SOLAR (RGSE)
Last real goods solar earnings: 5/15 04:06 pm
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US:NASDAQ Investor Relations:
investors.rgsenergy.com/overview
Company Research
Source: GlobeNewswire
DENVER, Jan. 04, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), a residential and small commercial solar company since 1978, has completed the previously announced $1.8 million offering of (i) 800,000 shares of Class A common stock, (ii) Prepaid Series P Warrants to purchase an aggregate of 800,000 shares of Class A common stock, and (iii) Series O Warrants to purchase an aggregate of 1,600,000 shares of Class A common stock. The investor paid $1.15 per share of Class A common stock and $1.14 per share of Class A common stock underlying Series P Warrants at closing, for aggregate gross proceeds of approximately $1.8 million. The Series O Warrants are exercisable six months following issuance at an exercise price of $1.47 per share and for a period of five years thereafter. The Series P Warrants are exercisable immediately after issuance and for a period of five years thereafter at an exercise price of $1.15 per share, of which $1.14 per share was paid at the closing with $0.01
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