By Devika Patel
Knoxville, Tenn., March 5 - Entech Solar Inc. settled a $2 million private placement of stock on March 1, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 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: | $2 million
|
| Shares: | 25 million
|
| Price: | $0.08
|
| Warrants: | No
|
| Investor: | Quercus Trust
|
| Settlement date: | March 1
|
| Stock symbol: | OTCBB: ENSL
|
| Stock price: | $0.18 at close March 1
|
| Market capitalization: | $42.6 million
|
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