Communications Systems, Inc. Announces $25.0 Million Equity Financing to Close Concurrently With CSIPineapple Merger and Fund Growth Initiatives
MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (CSI or the Company) announced today that it has entered into an agreement with a group of institutional investors (the PIPE Investors) to make a $25.0 million private placement investment in CSI in connection with the closing of the previously announced merger between CSI and Pineapple Energy, LLC (Pineapple). Proceeds of this investment will used primarily to fund Pineapple strategic initiatives. The closin
Communications Systems, Inc. Announces $25.0 Million Equity Financing to Close Concurrently With CSIPineapple Merger and Fund Growth Initiatives
MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (CSI or the Company) announced today that it has entered into an agreement with a group of institutional investors (the PIPE Investors) to make a $25.0 million private placement investment in CSI in connection with the closing of the previously announced merger between CSI and Pineapple Energy, LLC (Pineapple). Proceeds of this investment will used primarily to fund Pineapple strategic initiatives. The closin