NetworkNewsBreaks – RGS Energy (NASDAQ: RGSE) Shares Sink following Pricing of $6M Public Offering

Shares of RGS Energy (NASDAQ: RGSE) are down 20% mid-morning after the company announced its securities purchase agreement for a registered offering of common stock and warrants. The “Primary Units” each consist of one share of Class A common stock (par value $0.0001) and a Series M Warrant to purchase common stock. The “Alternative Units” each consist of one prepaid Series N Warrant to purchase one share of common stock and a Series M Warrant to purchase common stock. The purchase price for a Primary Unit is $2.50 per unit and the purchase price for an Alternative Unit is $2.49 per unit, for expected gross proceeds of approximately $6.0 million. The company expects to receive net proceeds of approximately $5.5 million after paying the placement agent fees and estimated offering expenses. The offering is expected to close on or about February 9, 2017.

To view the full press release, visit: http://nnw.fm/zf5Nr

About RGS Energy

RGS Energy is a residential and small commercial solar company since 1978, which has installed more than 25,000 solar power systems. RGS Energy makes it very convenient for customers to save on their energy bill by providing turnkey solar solutions – from system design, construction planning, customer financing assistance, installation, to interconnection and warranty. RGS Energy is the company’s registered trade name. The company files periodic and other reports with the SEC under its official name “Real Goods Solar, Inc.” For more information, visit www.rgsenergy.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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