Published on 7/27/2015 in the Prospect News PIPE Daily.
Andalay Solar could raise $5 million through equity purchase agreement
Investor Southridge Partners commits to buy company’s common shares
By Devika Patel
Knoxville, Tenn., July 27 – Andalay Solar, Inc. negotiated a $5 million equity purchase agreement with Southridge Partners II LP, according to a Southridge press release.
The designer and manufacturer of solar power systems and solar panels is based in Campbell, Calif.
| Issuer: | Andalay Solar, Inc.
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| Issue: | Equity purchase agreement
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| Amount: | $5 million
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| Warrants: | No
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| Investor: | Southridge Partners II LP
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| Settlement date: | July 27
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| Stock symbol: | OTCBB: WEST
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| Stock price: | $0.01 at close July 24
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| Market capitalization: | $4.38 million
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