ReneSola (SOL) Announces Propsed 1.538M Share Registered Direct Offering
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ReneSola Announces $5.0 Million Registered Direct Offering
October 12, 2020 8:00 AM EDTSTAMFORD, Conn., Oct. 12, 2020 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 1,538,462 American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $3.25 per ADS, in a registered direct offering. The registered direct offering is expected to close on or about October 14, 2020, subject to the satisfaction of customary closing conditions.
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