In connection with the merger, the company closed a $7 million private placement led by Vision Capital Master Investment Fund, which consisted of 3.5 million shares of preferred stock at $2 per share.
GT Securities was the placement agent for the transaction and Genesis Capital Advisors served as the financial advisor.
Dean Marks, president and CEO of Premier Power, said: Today is an outstanding milestone for the Premier Power family. We are having a strong year and anticipate a series of firsts in the US and European markets that demonstrate the value of our teams’ engineering ability and depth of solar design and installation experience.
