Solar firm posts $9.3 million stock sale

LOUISVILLE – Real Goods Solar Inc. (Nasdaq: RSOL), a provider of solar energy solutions for residential, commercial, and utility customers, completed its previously announced private placement equity financing for approximately $9.3 million.

After paying agent fees and offering expenses, the Louisville-based company plans to use the approximately $8.4 million to strengthen its sales, marketing, overall operational capabilities and reduce debt.

The company sold 3,366,974 shares of Class A common stock at a per-share price of $2.75 and warrants to purchase 1,683,488 shares of Class A common stock, with a term of five years from the closing date and an exercise price of $2.75 per share.

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Roth Capital Partners LLC acted as the placement agent for the offering.