Sunworks, Inc. (NASDAQ: SUNW) is a leading manufacturer of solar power systems for superior efficiency. Sunworks is committed to providing world-class quality products that exceed industry standards and adhere to honesty and safety principles.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
The company stock rose 21.03% to 7.020 in the pre-market after the Company revealed that under the prospectus supplement filed on November 25, 2020, it had sold approximately 3.8 million shares of common stock, raising roughly $20 million in gross proceeds. Under its Loan Arrangement with CrowdOut Finance, Inc., the Firm uses a part of the proceeds from selling its common stock to repay the existing loan of around $2.7 million fully.
”We have successfully strengthened our balance sheet, reduced expensive debt, and enhanced our working capital position, better positioning us to address the COVID-related challenges affecting our operations, our sector, and the economy as a whole,” said Chuck Cargile, Chairman of the Board of Sunworks.