Summer Energy Holdings, Inc. announced that it expects to receive $3 million in funding from LaRose Holdings, LLLP
April 12, 2018
Share
Summer Energy Holdings, Inc. (OTCPK:SUME) announced that it has entered into a securities purchase agreement with LaRose Holdings, LLLP for the private placement of 2,000,000 common shares at a price of $1.5 per share with par value $0.001 per share for gross proceeds of $3,000,000 on April 13, 2018. The securities were issued pursuant to exemption provided under Regulation D. Pursuant to the transaction, Al LaRose from LaRose Holdings, LLLP will join the board.
Summer Energy Holdings, Inc. operates through its wholly owned subsidiaries Summer Energy, LLC (Summer LLC), Summer Energy Midwest, LLC (Summer Midwest), and Summer Energy Northeast, LLC. Summer LLC is a retail electric provider in the state of Texas under a license with the Public Utility Commission of Texas (PUCT). Summer LLC procures wholesale energy and resells to commercial and residential customers. The Company provides electricity to residential and all size commercial customers in the restructured retail energy market. Summer Northeast is engaged in serving electric load to both residential and commercial customers in the Northeastern United States and holds licenses in Massachusetts and New Hampshire. Summer Midwest provide billing, collections, back-office service, including supply and scheduling services, customer service and accounting services.
SUMMER ENERGY HOLDINGS, INC. 
