Lighting Science wraps $32.11 million private placement of units

Investors PCA LSG, Pegasus Partners buy series G preferreds in units

By Devika Patel

Knoxville, Tenn., Dec. 22 - Lighting Science Group Corp. completed a $32.11 million private placement of its preferred stock units on Dec. 16, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 32,108 units of one series G preferred and 83 common shares at $1,000 per unit.

Each preferred has a 10% dividend until Nov. 17, 2012, a 15% dividend from Nov. 17. 2012 until Feb. 21, 2014 and an 18% dividend after Feb. 21, 2014.

Investors included PCA LSG Holdings, LLC, Pegasus Partners IV, LP, LSGC Holdings II LLC, Ensemble Lights, LLC, Belfer Investment Partners LP, Lime Partners, LLC, Mark Kristoff and Alan Docter.

The Satellite Beach, Fla.-based company makes lighting devices and systems that use light-emitting diodes as the light source.

Issuer:	Lighting Science Group Corp.
Issue:	Units of one series G preferred share and 83 common shares
Amount:	$32,108,000
Units:	32,108
Price:	$1,000
Dividends:	10% dividend until Nov. 17, 2012, a 15% dividend from Nov. 17. 2012 until Feb. 21, 2014, an 18% dividend after Feb. 21, 2014
Warrants:	No
Investors:	PCA LSG Holdings, LLC, Pegasus Partners IV, LP, LSGC Holdings II LLC, Ensemble Lights, LLC, Belfer Investment Partners LP, Lime Partners, LLC, Mark Kristoff and Alan Docter
Settlement date:	Dec. 16
Stock symbol:	OTCBB: LSCG
Stock price:	$1.49 at close Dec. 16
Market capitalization:	$282.16 million

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