Real Goods Solar, Inc. Announces Preferred Stock Rights Offering
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
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Source: GlobeNewswire
DENVER, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Real Goods Solar (OTCQX: RGSE), the exclusive worldwide manufacturer of the visually stunning POWERHOUSE™ Solar Shingle System, announced today that it has filed a Form 1-A ?offering statement with the Securities and Exchange Commission (the “SEC”) under Regulation A for a rights offering to its shareholders and warrant holders as of a dividend record date, to be determined. Under the rights offering, RGS will distribute to each of its Class A common stockholders and its holders of outstanding warrants to purchase Class A common stock ten non-transferable subscription rights, each allowing the holder to purchase one share of Series 1 non-convertible preferred stock for $10 per share, for each one share of Class A common stock owned or purchasable under such warrants as of the record date. Each share of the preferred stock will earn a 12% annual dividend, payable quarterly, in cash or in kind, and have 100 votes on all matters submitted to
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