RGS Energy Announces Conversion of Preferred Stock Issue Complete

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Go back to RGS Energy Announces Conversion of Preferred Stock Issue Complete

RGS Energy (RGSE) Declines to Following Update on Conversion of Preferred Shares

October 3, 2016 11:02 AM EDT

RGS Energy (NASDAQ: RGSE) declined Monday, falling 28% intraday. Earlier it provided an update on conversion of preferred stock.

Press release:

RGS Energy (NASDAQ: RGSE), a residential and small commercial solar company since 1978, reported that all of its Series A 12.5% Mandatorily Convertible Preferred Stock, stated value $1,000.00 per share (Preferred Stock) has been converted into shares of the Companys Class A common stock, par value $0.0001 per share (the Common Stock). Through September 29, 2016, the originally issued 2,800 shares of Preferred Stock had been converted... More