Sunworks: Gains on debt repayment from share sale proceeds

Sunworks

07/12/2020 14:17

** Shares of renewable energy firm  SUNW.O  up 5.14% at
$4.50 premarket
    ** Co says it raised ~$20 mln from selling about 3.8 mln
shares  urn:newsml:reuters.com:*:nGNX6gk79
    ** SUNW says it used portion of proceeds from offering to
fully repay outstanding balance of about $2.7 mln under its loan
agreement with CrowdOut Capital Inc
    ** Co expects to have permanent CEO in place by Q1
    ** Stock has gained 242.4% so far this year

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))