ReneSola (SOL -8.6%) enters into securities purchase agreements with several institutional investors for the purchase and sale of 2.5M ADS.

Each ADS represents 10 ordinary shares, at a purchase price of $2 per ADS, in a registered direct offering. 

Expected gross proceed of $5M.

Net proceeds to be used for expanding new solar project pipelines and general working capital needs.

Offering expected to close on or about September 25, 2020.

Press Release


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