Real Goods Solar Announces Public Offering of Units

Real Goods Solar today announced that it commenced a public offering of units, each unit consisting of one share of Class A common stock, par value $0.0001 per share and a warrant to purchase a to-be-determined-fraction of one share of Common Stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The offering will be conducted on a “best efforts” basis with Roth Capital Partners, LLC serving as the exclusive placement agent. Net proceeds from the offering to Real Goods Solar, Inc. are expected to be used for general corporate purposes including, without limitation, to pay down its revolving loan facility, reduce the company’s current accounts payable balances, for working capital purposes to increase sales and operational capabilities and/or for any scheduled repayment of indebtedness. The company will retain broad discretion over the use of proceeds from the offering.
A registration statement relating to these securities has been filed by the company with the Securities and Exchange Commission (SEC), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. The preliminary prospectus contained in the registration statement on Form S-1 (file number 333-211915) may be obtained from Roth Capital Partners at 888 San Clemente, Newport Beach, CA 92660 or by calling (800) 678-9147 or e-mail at rothecm@roth.com, or by visiting the EDGAR database on the SEC’s web site at www.sec.gov.

    Share

    Real Goods Solar today announced that it commenced a public offering of units, each unit consisting of one share of Class A common stock, par value $0.0001 per share and a warrant to purchase a to-be-determined-fraction of one share of Common Stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

    The offering will be conducted on a “best efforts” basis with Roth Capital Partners, LLC serving as the exclusive placement agent. Net proceeds from the offering to Real Goods Solar, Inc. are expected to be used for general corporate purposes including, without limitation, to pay down its revolving loan facility, reduce the company’s current accounts payable balances, for working capital purposes to increase sales and operational capabilities and/or for any scheduled repayment of indebtedness. The company will retain broad discretion over the use of proceeds from the offering.

    A registration statement relating to these securities has been filed by the company with the Securities and Exchange Commission (SEC), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. The preliminary prospectus contained in the registration statement on Form S-1 (file number 333-211915) may be obtained from Roth Capital Partners at 888 San Clemente, Newport Beach, CA 92660 or by calling (800) 678-9147 or e-mail at rothecm@roth.com, or by visiting the EDGAR database on the SEC’s web site at www.sec.gov.