Wednesday, July 27, 2005

XsunX gets a $10.85M commitment

Publicly-traded XsunX has announced a PIPE funding from Cornell Capital, LP. The funding is in the form of a $10M "standby equity distribution agreement" for tranched funding as needed over 24 months, and $850K of convertible debentures. XsunX appears to be pre-revenue, and is developing BIPV specifically for glass windows.


Anonymous Anonymous said...

This company is the real deal. I've been following there progress for the past year. They beat out Nanosolar for 2005 technology award. Nanosolar was covered in Time magazine about there solar spray technology.

9:46 PM  

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