Real Goods Solar to Get $8.4 Million in Private Share Placement

Real Goods Solar Inc., the Louisville, Colorado-based photovoltaic panel installer, agreed to sell about $9.25 million of shares and warrants in a private placement.

The company will receive about $8.4 million after fees and expenses, it said in a statement today. The deal will close by June 5.

Real Goods will sell about 3.37 million shares for $2.75 each and 5-year warrants to buy 1.68 million shares at the same price. The company declined 7.2 percent to $3.93 at 10:40 a.m. in New York.