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Article: LED Holdings and Lighting Science Group Combine Forces.
- Article from:
- PR Newswire
- Article date:
- October 5, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transaction Creates Unique Lighting Solutions Company with World Class Management Team
NEW YORK, Oct. 5 /PRNewswire/ -- LED Holdings, LLC, a global leader in custom LED (light-emitting diode) lighting solutions, and Lighting Science Group Corporation (OTCBB: LSGP), a leading developer and integrator of white light solutions using LED technology, announced today that LED Holdings has contributed all of its assets, including $15 million in cash, to Lighting Science Group in exchange for a combination of preferred and common stock representing 70% of the common stock and 80% of the voting power of Lighting Science Group on a fully-diluted basis. Affiliates of ...