SPI Solar Announces Investor’s Exercise of Option to Purchase Shares of Its Common Stock

SPI Solar Staples Center
SPI Solar Staples Center Project. Image courtesy of SPI Solar.

Solar Power, Inc.  (OTCBB:SOPW), a vertically-integrated photovoltaic (“PV”) developer, today announced the exercise of an option to purchase from SPI Solar  shares of its common stock by the lead investor in SPI’s $48.25-million private placement, which was announced on September 23, 2014.  As a result, SPI Solar authorized and issued 17,200,000 shares of its common stock for an aggregate purchase price of U.S. $20,125,000. The shares are being offered and sold upon reliance of Regulation S promulgated under the Securities Act of 1933, as amended, and are exempt from registration.

About Solar Power, Inc.

Solar Power, Inc.  is a vertically-integrated PV developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class PV energy facilities and turnkey residential solar solutions to its business, government and utility customers

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