Nexamp placed $14.56 million with one investor

XDATA – June 23rd 2017
One financial backer bought $14.56 million worth of equity offered by Nexamp. According to the filing, it was on June 7th that 74% of the $19.56 million non-brokered offering was subscribed. Based on the offering’s structure, the company has until June 2018 to raise an extra $5 million. The company closed three previous unregistered private placements which raised an estimated $41.86 million.
Nexamp markets solutions for the solar energy development while offering capabilities that span the entire solar project lifecycle from project development, design and construction to financing and operations and maintenance. Investors include Mitsubishi Corp via its wholly-owned subsidiary Diamond Generating Corp.
The company, headquartered in Boston MA, is led by Zaid Ashai (CEO). Nexamp elected to keep its revenues undisclosed.
The executive team includes Robert Pantano.
The board of directors includes Bo Buchynsky, David Martirano and Satoshi Hamada.

The company has raised an estimated total of $56.43 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Nexamp
Industry: Other Energy
Amount offered: $19.56 million
Amount placed: $14.56 million
SEC filing: Source
First sale: 06-07-2017
Data as of: 06-23-2017
Similar transactions
2017-05 Pacific International Energy Solutions reported the full subscription of its $21,000 investment round
2017-05 $4.69 million worth of warrant securities were sold by PLH Group
2017-04 Vasari Energy launched $20 million fundraising effort
2016-07 Solar Alliance Energy reached its $97,000 fundraising target
2016-07 Clean Power Engineering launched $1.5 million mezzanine financing

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