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Lighting Science Group Corporation Announces Recapitalization, Including $25 Million Private Placement, And Commercial Agreement With Simon Property Group,...

By TechAgreements

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LSG entered into a recapitalization agreement with Pegasus, the holder of a majority of LSG's stock, pursuant to which: A Pegasus-controlled entity purchased $20 million of common stock from LSG and received an option until the earlier of the closing of a revolving credit facility or December 31, 2010, to purchase up to an additional $5 million of common stock at a price of $1.60 per share...

Full post as published by TechAgreements on October 06, 2010 (boomark / email).

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