to-the-point: RGS Energy eyes USD 4.1m gross from units offering
Solar on the roof. Author: Marufish. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.
US rooftop solar installer RGS Energy (NASDAQ:RGSE) seeks to raise about USD 4.1 million (EUR 3.9m) of gross proceeds through a public offering of units.
The company priced its offering on Thursday at USD 0.22 per unit, with each unit consisting of one common share and a Series I warrant to buy one additional common share at an exercise price of USD 0.35 per share.
RGS Energy estimated the net proceeds from the units offering will approximate USD 3.6 million. The transaction is expected to close on or about December 13.
Roth Capital Partners and WestPark Capital act as placement agents.