Sunworks selling shares to continue on its own after failed merger

Roseville solar installer Sunworks Inc. has filed documents with the Securities and Exchange Commission to raise up to $20 million by issuing new shares.

Sunworks (Nasdaq: SUNW) needs the money to continue business on its own after a merger with a well-funded East Coast solar company didn’t get approved by Sunworks’ shareholders last month. Sunworks representatives couldn’t be reached for comment.

Sunworks shares closed at $6.30 on Nov. 24, the day before the company released its prospectus for…

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