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Stock Market & Financial Investment News

News Breaks
March 11, 2014
11:38 EDTZBBZBB Energy gives statement on unusual trading activity
ZBB Energy announced that in view of the unusual market activity in the company's stock, NYSE MKT has contacted the company in accordance with its normal practice and requested the company respond by press release. The company stated that its policy is not to comment on unusual market activity.
News For ZBB From The Last 14 Days
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April 17, 2015
08:35 EDTZBBZBB Energy, Solar Power announce global strategic partnership, supply agreement
ZBB Energy (ZBB) announced its intention to enter into a supply agreement with Solar Power (SOPW) for energy storage systems with total combined power output of 40 MW over a period of four years. The value of the initial supply agreement is estimated at $80M-$120M, depending on the mix of storage applications and installation requirements. This supply agreement will be entered into at the closing of a Securities Purchase Agreement, or SPA, between SPI and ZBB that was executed today and is valued at $33.4M, consisting of a combination of newly issued common stock and convertible preferred stock of ZBB. Under the terms of the SPA, SPI will purchase 8M shares of ZBB common stock for approximately $5.3M at a price per share of $0.6678 and 28,048 shares of ZBB Series C Convertible Preferred Stock for approximately $28.0M. The aggregate purchase price of the purchased preferred shares was determined based on a price of $0.6678 per common equivalent. The Purchased Preferred Shares are only convertible upon the completion of specific procurement milestones detailed in the Supply Agreement. With this infusion of capital, ZBB will have in excess of $45M of cash on its balance sheet. The strategic partnership creates a solar industry powerhouse that will combine solar photovoltaic (PV) systems with energy storage and systems management solutions for utility, commercial and residential applications.
08:06 EDTZBBSolar Power announces strategic partnership with ZBB Energy
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