World Energy Solutions Announces $5.5M Capital Raise
World Energy Solutions, Inc. (NASDAQ: XWES) today announced it has entered into agreements with several institutional investors to issue approximately 1.5 million shares of common stock at $3.60 per share, yielding gross proceeds of more than $5.5 million.
The Company anticipates using the new capital for strategic initiatives, including investments and acquisitions in the energy management space.
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