Series A convertible preferreds, warrants sold through Roth Capital
By Devika Patel
Knoxville, Tenn., Aug. 25 – Real Goods Solar, Inc. will conduct a $5 million public offering of preferred units, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission.
The company will sell 5,000 units of one series A mandatorily convertible preferred share and warrants at $1,000 per unit.
The preferreds may be converted into common shares.
Roth Capital Partners, LLC is the underwriter.
Proceeds will be used for general corporate purposes.
The solar energy company is based in Louisville, Colo.
| Issuer: | Real Goods Solar, Inc.
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| Issue: | Units of one series A mandatorily convertible preferred share and warrants
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| Amount: | $5 million
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| Units: | 5,000
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| Price: | $1,000
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| Warrants: | Yes
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| Underwriter: | Roth Capital Partners, LLC
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| Announcement date: | Aug. 25
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| Stock symbol: | Nasdaq: RGSE
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| Stock price: | $7.30 at close Aug. 24
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| Market capitalization: | $4.76 million
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