Series A convertible preferreds, warrants sold through Roth Capital
By Devika Patel
Knoxville, Tenn., Sept. 2 – Real Goods Solar, Inc. decreased its public offering of preferred units to $5 million from $5 million, according to an S-1/A filed Friday with the Securities and Exchange Commission. The deal priced on Aug. 25.
The company will now sell 3,500 units of one series A 12.5% mandatorily convertible preferred share and warrants at $1,000 per unit.
The preferreds will be convertible into common shares at a to-be-determined conversion price.
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 12.5% mandatorily convertible preferred share and warrants
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| Amount: | $3.5 million
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| Units: | 3,500
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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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| Decreased: | Sept. 2
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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: | $4.63 million
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