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SCOTTSDALE, Ariz. - SolarWindow Technologies, Inc. (OTC:WNDW), a micro-cap company with a market value of $13.94 million, has raised $3.9 million through private offerings to nine investors, the company announced Friday. According to InvestingPro data, the company maintains a strong liquidity position with more cash than debt on its balance sheet.
The developer of transparent electricity-generating coatings sold 12,580,646 units at $0.31 each, above the current trading price of $0.26. Each unit includes one share of common stock and a warrant to purchase an additional share at $0.47, exercisable for three years. InvestingPro analysis shows the stock has experienced significant volatility, trading between $0.03 and $1.08 over the past 52 weeks.
The company could receive an additional $5.9 million if all warrants are exercised, potentially bringing the total capital raise to $9.8 million.
The offerings were conducted under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation S, with no commissions paid. Five domestic and four international investors participated in the transaction.
The securities have not been registered under the Securities Act and cannot be resold without registration or an applicable exemption. SolarWindow has agreed to file a resale registration statement with the SEC for the common stock issued or issuable in the offering.
Canadian residents who acquired securities face additional hold periods under applicable Canadian and provincial laws.
SolarWindow develops LiquidElectricity coatings that generate power when applied to glass and plastics. The company targets applications beyond conventional solar panels, including building windows, facades, and automotive, greenhouse, marine and aerospace applications. While the company maintains a robust current ratio of 10.99, InvestingPro analysis reveals additional insights about the company’s financial health and growth potential, with over 30 additional metrics available to subscribers.
Complete details of the capital raise are included in the company’s current report on Form 8-K filed with the SEC, according to the press release statement.
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