Published on 5/4/2015 in the Prospect News Green Finance Daily.
Solar Power to conduct $50 million private placement of common shares
By Devika Patel
Knoxville, Tenn., May 4 – Solar Power, Inc. said it negotiated a $50 million private placement of stock with Yes Yield Investments Ltd.
The company will sell common shares at $2.70 per share in two equal tranches. The price per share is a 31.71% premium to $2.05, the May 1 closing share price.
Solar Power is a photovoltaic technology company based in Roseville, Calif.
| Issuer: | Solar Power, Inc.
|
| Issue: | Common stock
|
| Amount: | $50 million
|
| Price: | $2.70
|
| Warrants: | No
|
| Investor: | Yes Yield Investments Ltd.
|
| Pricing date: | May 4
|
| Stock symbol: | OTCBB: SOPW
|
| Stock price: | $2.05 at close May 1
|
| Market capitalization: | $1.22 billion
|
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