pmld Sri Lankan delegation heads to US to seek USD 4 bn bailout package from IMF

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Gulv Avid signs supply deal for nickel-hydrogen storage solutions in Australia
Sccj Tesla chief Elon Musk executive asks Donald Trump for fair outcome on China trade
Principal Solar announced at the end of May its intention to launch an IPO on the Nasdaq capital market. In addition to the sale of 2.5 million shares for between $9 and $11 a share, there is the option to purchase up to 375,000 additional s stanley cup hares of its common stock for $3.7 million.On Friday, the solar company said it in preparation for its move to Nasdaq 聳 where it will be listed under the symbol PSWW 聳 it had executed a 1:4 reverse stock split. The listing is expected this week.The funds raised will, said Principal Solar, be used to acquire the minority interest in its subsidiary, Powerhouse One, LLC around $767,000 , repay debt around $1.9 million , fund potential acquisitions and project financing over $14 million , redeem preferred stock, and increase capitalization and financial flexibility.In the May 21 SEC filing, Principal Solar noted that as of this March 31, it had approximately $566,000 of cash on hand. Furthermore, it has only generated a total revenue of around $1.69 million since a reverse merger between itself and Kupper Parker Communications, Inc. in March 2011. As suc stanley cup h, it says, there remain questions about the company聮s ability to continue as a goin stanley cup g concern. Global plansDespite this, Principal Solar says it is confident of its future going forward. It believes, particularly, that its board members and executives who come from the traditional energy industry will help it achieve its goals.In addition to buying, owning and operating solar powe

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