Tuesday, Solar Power Inc. (SOPW,SOPW.OB) said it entered into a definitive agreement for an additional $2 million with one additional accredited investor who was unable to participate in the first closing of its prior announced private placement. This additional investment brings the aggregate gross proceeds to about $14,000,000 from the sale of about 14 million common shares before payment of placement agent commissions and offering expenses.
The company plans to use the net proceeds from this financing for general corporate purposes, including working capital. Stephen Kircher, chief executive of Solar Power stated, "This second closing concludes this placement round and will allow us to continue to capitalize on our pipeline of opportunities and business growth."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.