The US Department of Energy’s (DOE’s) Solid-State Lighting Program, which operates under the auspices of the Office of Energy Efficiency and Renewable Energy, or EERE, released its second report on the country’s logistical fixed lighting architecture this January, updating the industry from its previous report in 2002.
Shares of light-emitting diode (LED) lighting manufacturer/marketer Lighting Science Group Corp. (OTC BB: LSCG.OB) are trading up slightly today after falling 12 percent in the five days (down 5.6 percent yesterday) since it announced February 10 that it had filed an initial public offering (IPO) preliminary prospectus for a $150 million public equity financing. The company’s shares will trade on NASDAQ, but pricing or timing for the IPO were not disclosed.
Lighting Science Group Corp. (OTC Bulletin Board: LSCG), a junior light-emitting diode (LED) lighting manufacturer/marketer profiled in E•BOOM CAPITAL Wednesday, announced Thursday it had completed an $18 million private placement of its common stock. The company said the proceeds would be used to finance its aggressive marketing program.
Shares of Lighting Science (market cap: $388 million) dropped six percent on the news.
(Other news: Cree Announces New 60-Watt Replacement)