BioSolar’s $5 Million Private Placement


Sichenzia Ross Ference LLP represented BioSolar on the deal.

BioSolar, Inc. (OTC: BSRC), a developer of clean energy technologies including green hydrogen, and lithium-ion battery components, executed a private placement offering of of 83,333,334 shares of common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock.

The combined purchase price for one share of common stock and a warrant to purchase one share of common stock was $0.06. The gross proceeds were approximately $5.0 million. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The Sichenzia Ross Ference LLP team advising BioSolar was led by partners Gregory Sichenzia (Picture), Avital Perlman, David Manno and associate Matthew Siracusa.

Involved fees earner: David Manno – Sichenzia Ross Ference LLP; Avital Perlman – Sichenzia Ross Ference LLP; Gregory Sichenzia – Sichenzia Ross Ference LLP; Matthew Siracusa – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: BioSolar;

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Author: Ambrogio Visconti