iSun Inc. Secures $25 Million Debt Facility

An initial funding of $12.5 million (less an original issue discount of 6% and transaction expenses) under the Notes will be immediately available to the Company at the initial closing which occurred on November 4^th, with an additional $12.5 million (less an original issue discount of 6% and transaction expenses) available in a subsequent funding, subject to the satisfaction of certain funding conditions.

“We continue to see significant interest and enthusiasm for the products and services that iSun provides to our growing customer base” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This debt facility validates our commitment to accelerating the transition to clean energy as we continue our fight against climate change while providing an opportunity to strengthen our balance sheet. As we grow our geographic footprint and establish new customer relationships, we believe our ability to drive value across all aspects of the solar life cycle will create meaningful, long-term value for our shareholders. “

A.G.P./Alliance Global Partners acted as sole placement agent for the financing, and Merritt & Merritt acted as the Company’s legal counsel.