Solar Energy Solutions Company RGS ( Solar Thermal Magazine ) – LOUISVILLE, CO – July, 2014 – RGS Energy (NASDAQ: RGSE), a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has completed its previously announced private equity offering for gross proceeds of approximately $7.0 million.
The financing terms included the sale of 2,919,301 shares of Class A common stock at a per share price of .40 and warrants to purchase 1,313,686 shares of Class A common stock, exercisable six months from the date of issuance and for a period of five years thereafter at an exercise price of .19.
“This additional capital enables us to accelerate the deployment of our in-house residential leasing platform,” said Kam Mofid, CEO of RGS Energy.
Coupled with our strong nationwide footprint, including our recent acquisition in Hawaii, our internal leasing solution will allow us to better serve and grow our customer base.
Roth Capital Partners served as lead placement agent and Maxim Group LLC as co-placement agent in connection with the transaction.
About RGS Energy
RGS Energy (NASDAQ: RGSE) is one of the nation’s pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 22,500 solar power systems representing over 235 megawatts of 100% clean renewable energy. RGS Energy makes it very convenient for customers to save on their energy bills by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support.
As one of the nation’s largest and most experienced solar power players, the company has 18 offices across the West and the Northeast. For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at https://twitter.com/rgsenergy. RGS Energy is a trade name and RGS Energy makes filings with the Securities and Exchange Commission under its official name “Real Goods Solar, Inc.”