By Sheri Kasprzak
New York, July 17 - Integrated Electrical Services, Inc. concluded a $1 million private placement with Tontine Capital Overseas Master Fund, LP.
The company sold 58,072 shares at $17.22 each to Tontine.
Proceeds from the deal will be invested in Energy Photovoltaics, Inc., a company in which Integrated currently holds a minority investment.
Houston-based Integrated Electrical Services provides low-voltage electrical and communications services.
| Issuer: | Integrated Electrical Services, Inc.
|
| Issue: | Stock
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| Amount: | $1 million
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| Shares: | 58,072
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| Price: | $17.22
|
| Warrants: | No
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| Investor: | Tontine Capital Overseas Master Fund, LP
|
| Settlement date: | July 17
|
| Stock symbol: | Nasdaq: IESC
|
| Stock price: | $16.98 at close July 17
|
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