Premier Power Renewable Energy Completes Reverse Merger
Posted on: Tuesday, 16 September 2008, 03:00 CDT
Premier Power Renewable Energy, a solar integrator with operations in the US and Europe, has completed a reverse merger transaction resulting in the company becoming a public company.
In connection with the merger, the company closed a $7 million private placement led by Vision Capital Master Investment Fund, which consisted of 3.5 million shares of preferred stock at $2 per share.
GT Securities was the placement agent for the transaction and Genesis Capital Advisors served as the financial advisor.
Dean Marks, president and CEO of Premier Power, said: "Today is an outstanding milestone for the Premier Power family. We are having a strong year and anticipate a series of firsts in the US and European markets that demonstrate the value of our teams' engineering ability and depth of solar design and installation experience."
Source: Datamonitor
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