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home / news releases / SUNW - Sunworks offloads debt strengthens balance sheet

SUNW - Sunworks offloads debt strengthens balance sheet

Sunworks Inc.
Sunworks (SUNW) +6.3% PM, sold ~3.8M shares for raising ~20M in gross proceeds via at-the-market offerings.Partial proceeds to be used to fully repay the outstanding balance of ~$2.7M under its loan agreement with CrowdOut Capital."We have successfully bolstered our balance sheet, eliminated costly debt, and strengthened our working capital position," chairman Chuck Cargile commented.The company is actively recruiting a permanent CEO for leading the next phase of Sunworks' evolution and fulfillment of backlog; expects to have a permanent CEO in place in 1Q21.

For further details see:

Sunworks offloads debt, strengthens balance sheet
Stock Information
Company Name: Sunworks Inc.
Stock Symbol: SUNW
Market: NASDAQ
Website: sunworksusa.com
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