On June 6th, Stradling client Sunworks, Inc. (NASDAQ: SUNW) entered into an At Market Issuance Sales Agreement with B. Riley FBR, Inc. in connection with the offering, issuance and sale of up to an aggregate of $15 million of shares of its common stock pursuant to a shelf registration statement on Form S-3 for the offering of up to $50 million of its common stock, preferred stock, warrants and units. The company will use the proceeds from any sale of securities for working capital and general corporate purposes. Read the press release.
Sunworks is a premier provider of high performance solar power systems for the agricultural, commercial, industrial and residential markets in California, Oregon, Texas, New Mexico and Nevada.
The deal team representing Sunworks included Chris Ivey, Jason Lee and Paige Smith. Alysun Turner and Rachel Rosenblum provided valuable assistance.