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Monday, September 16, 2013
Lighting Science Group Corp. recently announced it closed a $20 million preferred stock financing plan led by affiliates of Pegasus Capital Advisors, L.P., with participation from Riverwood Capital Partners, L.P. These companies are LSCG's two largest shareholders. Lighting Science Group received $17.4 million of the funds at the closing of the financing and has received a commitment to fund the balance of $2.6 million. The funding will be used to finance the company's growth, with a strong focus on technology platforms and product innovations.