SAN DIEGO, CA / ACCESSWIRE / April 18, 2019 / Envision Solar International, Inc., (NasdaqCM: EVSI, EVSIW) ("Envision Solar," or the "Company"), a leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, today announced the closing of its previously announced underwritten public offering of 2,000,000 units at a price to the public of $6.00 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to acquire one share of common stock at an exercise price of $6.30 per share. No units were issued. The common stock and warrants were immediately separable from the units and were issued separately. The common stock and warrants began trading on The Nasdaq Capital Market on April 16, 2019, under the symbols "EVSI" and "EVSIW," respectively. Envision Solar received gross proceeds of $12.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. Concurrent with the offering, the Company effectuated a reverse split of its common stock at a ratio of 1-for-50.
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