Summer Energy Holdings, Inc. announced that it expects to receive $0.05 million in funding
August 14, 2016
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Summer Energy Holdings, Inc. (OTCPK:SUME) announced that it has entered into private placement of 49,500 common stock at $1.1 per share for gross proceeds of $54,450 on August 15, 2016. The company will issue securities pursuant to exemption provided under Regulation D.
On the same date, the company has received the funding from accredited investor.
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.
SUMMER ENERGY HOLDINGS, INC. 
