Sunworks (SUNW) Announces 4.05M Share Offering at $1.14/sh

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Sunworks Announces $4.6 Million Registered Direct Offering of Common Stock

June 8, 2023 9:02 AM EDT

PROVO, UT / ACCESSWIRE/ June 8, 2023 / Sunworks, Inc. (NASDAQ: SUNW)("Sunworks" or the "Company"), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it has entered into a definitive agreement with a single ESG-focused institutional investor for the purchase and sale of 4,050,000 shares of the Company's common stock at a purchase price of $1.14 per share of common stock in a registered direct offering. The closing of the offering is expected to occur on or about June 9, 2023, subject to the satisfaction of... More