Offering was completed with investor JEMZ Trust at $0.0667 per share
By Devika Patel
Knoxville, Tenn., Dec. 10 - Entech Solar Inc. settled a private placement of stock on Dec. 6, according to an 8-K filed Friday with the Securities and Exchange Commission. It raised $1 million.
The company sold 15 million common shares at $0.0667 per share to JEMZ Trust. The price per share is a 19.94% discount to the $0.08 closing share price on Dec. 3.
The trust is controlled by chief executive officer and chairman of the company's board of directors, David Gelbaum.
The Fort Worth company designs, manufactures and installs solar energy systems that provide electricity and thermal energy in commercial and industrial applications.
| Issuer: | Entech Solar Inc.
|
| Issue: | Common stock
|
| Amount: | $1,000,500
|
| Shares: | 15 million
|
| Price: | $0.0667
|
| Warrants: | No
|
| Investor: | JEMZ Trust
|
| Settlement date: | Dec. 6
|
| Stock symbol: | OTCBB: ENSL
|
| Stock price: | $0.07 at close Dec. 6
|
| Market capitalization: | $24.54 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
