Kline Hill Invests in Complete Solaria with Debt-Equity Swap
plete Solaria(CSLR) Newsfilter·2024-05-03 03:00
FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, "We have re-invested the principal and interest on our loan back into Complete Solaria's s ...