SolarCity Corporation SCTY, a provider of clean, distributed energy,
announced today that the underwriters of its initial public offering have
exercised their option to purchase an additional 1,725,000 shares of common
stock from SolarCity at a price of $8.00 per share. The sale of these
additional shares of common stock closed earlier today, following the closing
on December 18, 2012 of the sale of 11,434,988 shares by SolarCity and 65,012
shares by selling stockholders. As a result, SolarCity has received aggregate
net proceeds, after deducting underwriting discounts and commissions and
estimated offering expenses, of approximately $94.6 million.
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