JinkoSolar Holding (NYSE: JKS), one of the world’s largest and most innovative solar module manufacturers, has closed a follow-on offering of 4,671,875 American depositary shares (“ADS”), including 609,375 additional shares per the full exercise of the over-allotment option. The offering resulted in gross proceeds to JinkoSolar of approximately $74.8 million, with each ADS representing four ordinary shares, sold at $16.00 per ADS. The company intends to use the proceeds for general corporate purposes, including capital expenditures for capacity expansion and upgrade, as well as working capital. ROTH Capital Partners acted as co-manager for the offering.
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About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 9.7 GW for silicon wafers, 7.0 GW for solar cells, and 10.8 GW for solar modules, as of December 31, 2018. For more information, visit the company’s website at www.JinkoSolar.com.
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