Summer Energy Holdings, Inc. announced that it has received $2.05 million in funding
August 17, 2016
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On August 17, 2016, Summer Energy Holdings, Inc. closed the transaction. The company has issued 1,818,182 common stock in its second tranche closing to accredited investor for $2,000,000. The company has issued a total of 1,867,682 common stock for $2,054,450
Summer Energy Holdings, Inc. operates through its wholly owned subsidiaries Summer Energy, LLC (Summer LLC), Summer Energy Midwest, LLC (Summer Midwest), and Summer Energy Northeast, LLC. Summer LLC is a retail electric provider in the state of Texas under a license with the Public Utility Commission of Texas (PUCT). Summer LLC procures wholesale energy and resells to commercial and residential customers. The Company provides electricity to residential and all size commercial customers in the restructured retail energy market. Summer Northeast is engaged in serving electric load to both residential and commercial customers in the Northeastern United States and holds licenses in Massachusetts and New Hampshire. Summer Midwest provide billing, collections, back-office service, including supply and scheduling services, customer service and accounting services.