By Devika Patel
Knoxville, Tenn., Jan. 6 - Entech Solar Inc. arranged a $1.3 million private placement of stock on Dec. 15, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal settled Jan. 5.
The company sold 16.25 million common shares at $0.08 per share to the Quercus Trust.
The Fort Worth company designs, manufactures and installs solar energy systems that provide electricity and thermal energy in commercial and industrial applications.
| Issuer: | Entech Solar Inc.
|
| Issue: | Common stock
|
| Amount: | $1.3 million
|
| Shares: | 16.25 million
|
| Price: | $0.08
|
| Warrants: | No
|
| Investor: | The Quercus Trust
|
| Pricing date: | Dec. 15
|
| Settlement date: | Jan. 5
|
| Stock symbol: | OTCBB: ENSL
|
| Stock price: | $0.11 at close Dec. 15
|
| Market capitalization: | $24.7 million
|
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