REVOLUTION LIGHTING TECHNOLOGIES, INC. (NASDAQ:RVLT) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. Unregistered Sales of Equity Securities
to a January 29, 2018 agreement, Revolution Lighting Technologies, Inc. (the “Company”) sold 850,000 shares of the Company’s Common Stock, $0.001 par value per share (the “Common Stock”) to Robert V. LaPenta and 150,000 shares of Common Stock to James A. DePalma for $3.60 per share, with total proceeds to the Company of $3,600,000. The shares of Common Stock sold to Messrs. LaPenta and DePalma were sold in reliance on the exemption from registration provided by Section4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). Each of Messrs. LaPenta and DePalma are accredited investors and officers and directors of the Company.
About REVOLUTION LIGHTING TECHNOLOGIES, INC. (NASDAQ:RVLT)
Revolution Lighting Technologies, Inc. designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems. It sells its LED products under the RVLT, Seesmart, Lumificient, Value Lighting, Array and CMG brand names. The Company’s commercial lamps and fixtures products include the commercial indoor and outdoor lighting products, such as linear tube lighting, multi-family lighting, commercial troffer lighting and street lighting. It caters to municipal and commercial markets, which include industrial, hospitality, institutional, educational, healthcare and signage markets in the United States, Canada and internationally.