|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1.11 - 1.27|
|52-week range||0.19 - 6.69|
|PE ratio (TTM)||N/A|
|Earnings date||12 May 2017 - 15 May 2017|
|Forward dividend & yield||N/A (N/A)|
|1y target est||79.80|
DENVER, Jan. 16, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), America’s Original Solar Company since 1978, completed 2017 with strong sales growth, achievements and milestones, and set the stage for the new year.
RGS Energy (NASDAQ:RGSE), a residential and small commercial solar company since 1978, has completed the previously announced $1.8 million offering of (i) 800,000 shares of Class A common stock, (ii) Prepaid Series P Warrants to purchase an aggregate of 800,000 shares of Class A common stock, and (iii) Series O Warrants to purchase an aggregate of 1,600,000 shares of Class A common stock. The Series O Warrants are exercisable six months following issuance at an exercise price of $1.47 per share and for a period of five years thereafter.
RGS Energy (the “Company”) (NASDAQ:RGSE), the nation’s original solar company since 1978, announced today that it has reached an agreement with Iroquois Master Fund Ltd. and certain of its affiliates (collectively, “Iroquois”) pursuant to which Iroquois has agreed to cease soliciting proxies in opposition to, and to support, the Company’s proposals for the 2017 annual meeting of shareholders. The Company, despite repeated attempts, has to-date not been able to receive a sufficient number of proxy cards from its shareholders to achieve a quorum to hold its 2017 annual meeting of shareholders. As a Nasdaq listed company, the Company is required to hold an annual meeting each year.