RGS Energy (RGSE) Provides Business Update

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RGS Energy Issues Business Update

February 16, 2017 4:01 PM EST

DENVER, CO, Feb. 16, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), a residential and small commercial solar company since 1978, provided a business update following its recently completed offerings that raised total net proceeds of $16.0 million. The company reported updated pro forma unaudited results that include the additional capital and debt repayments as if completed on December 31, 2016.

Since our last business update, we successfully took advantage of capital market opportunities and raised additional financial capital, said Dennis Lacey, CEO of RGS Energy. As planned, we are now Nasdaq compliant. We also... More