Company sells 1,369,864 units of one common share and 0.3 warrants
By Devika Patel
Knoxville, Tenn., July 1 – Real Goods Solar, Inc. settled a $5 million private placement of stock on July 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
WestPark Capital, Inc. was the agent for the deal, which priced on June 26, raised $4.1 million on June 30 and $900,000 on July 1.
The company sold 1,369,864 units of one common share and 0.3 warrants at $3.65 per unit.
The warrants are each exercisable at $4.20 for five years. The strike price represents a 3.67% discount to the June 25 closing share price of $4.36.
The solar energy company is based in Louisville, Colo.
| Issuer: | Real Goods Solar, Inc.
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| Issue: | Units of one common share and 0.3 warrants
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| Amount: | $5 million
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| Units: | 1,369,864
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| Price: | $3.65
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| Warrants: | 0.3 warrants per unit
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| Warrant expiration: | Five years
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| Warrant strike price: | $4.20
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| Agent: | WestPark Capital, Inc.
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| Pricing date: | June 26
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| Settlement date: | June 30 (for ), July 1 (for $900,000)
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| Stock symbol: | Nasdaq: RGSE
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| Stock price: | $4.36 at close June 25
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| Market capitalization: | $13.02 million
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