Akeena Solar Files Updated Registration for Previously Issued Shares.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif. -- Akeena Solar, Inc. (NASDAQ-CM: AKNS), a leading designer and installer of solar power systems, today announced it has filed an updated registration statement on Form S-3 with the Securities and Exchange Commission. This filing will benefit existing shareholders by updating its prior disclosures and consolidating the selling stockholder information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a total of 8,288,405 shares held by existing shareholders. The new registration form carries forward the registration of shares on older Form SB-2 filings made and declared effective in September, July and April 2007. Gary Effren, the Company's Chief Financial Officer, said "Now that our Company has reached the point to be eligible to use a more streamlined form of registration statement through an S-3 filing S-3 Filing The most simplified registration form. It can only be used by companies that have been required to report under the '34 Act for a minimum of twelve months and have met the timely filing requirements set forth under Form S-2. , we wanted to consolidate our prior registrations. We otherwise would have had to periodically update our old registration filings. This allows the Company more time to focus on operating the business and moves our historical selling stockholder registration statements onto a more convenient form." "Akeena has not sold any additional shares to investors since our PIPE transaction in November 2007," added Effren. About Akeena Solar, Inc. Founded in 2001, Akeena Solar's AKNS philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installer of residential and small commercial solar power systems in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , serving customers directly in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net. |
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