Evergreen Completes Multi-million Dollar Placement

May 16, 2003 [SolarAccess.com] Evergreen Solar, Inc. has announced the completion of its previously announced private placement equity financing of US$29.475 million of Series A Convertible Preferred Stock and a warrant. The transaction was completed Thursday following the company’s annual meeting, at which a majority of the company’s shareholders supported proposals relating to the issuance of new securities and the amendment of the certificate of incorporation to authorize a sufficient number of shares of Preferred Stock and Common Stock to consummate the private placement.
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