SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Important (good) news for anyone crazy enough to still be holding warrants:

The exercise price of certain of our currently outstanding warrants to purchase our common shares may be reduced in connection with this offering.

Warrants to purchase 2,997,000 shares of our common stock, which we issued in March 2015, currently remain outstanding, or the 2015 Warrants. Prior to the completion of this offering, the 2015 Warrants entitled the holders to purchase one common share at a price of $4.15 per share, subject to adjustment as specified in the 2015 Warrants. The 2015 Warrants contain anti-dilution provisions, which provide that if we issue or sell, or are deemed to issue or sell, any common shares (or securities convertible into common shares) for a consideration per share less than a price equal to the exercise price of the 2015 Warrants in effect immediately before such issue or sale (or deemed issuance or sale), then the exercise price of the remaining outstanding 2015 Warrants will be reduced to the amount of such consideration per share. The sale of the shares that are sold through the sales agent may reduce the exercise price of the 2015 Warrants in accordance with these provisions. The exercise price and number of common shares issuable under the 2015 Warrants may be subject to further adjustment in the future. Any such adjustments may result in dilution to purchasers of our shares of common stock.

Bad news for common stock holders though.