Principal Solar (PSI, Dallas, TX, US), a solar power company that is building and operating utility-scale PV projects, on May 20th, 2015 announced that it intends, subject to market and other conditions, to offer its common stock in an underwritten public offering of 2,500,000 shares of its common stock pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission.
In connection with the offering, the company intends to grant the underwriter the option to purchase up to 375,000 additional shares of its common stock. The estimated price range for the initial public offering is USD 9.00 to USD 11.00 per share of common stock, after considering a recent 1:4 reverse split effected May 6th, 2015, and currently pending with FINRA. Principal Solar has applied to list its common stock on the Nasdaq Capital Market under the symbol “PSWW.”
Northland Capital Markets is acting as sole underwriter for the offering. The offering will be made only by means of a prospectus.
2015-05-21 | Courtesy: Principal Solar | solarserver.com © Heindl Server GmbH
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