3Power Energy Group Inc (PSPW)

[doebop]

Another filling said only after the EU tax day, April 5.
so yes, any day.
The company raised the AS to 300 million for the merger..

In anticipation of the Closing, the Company changed its name to 3Power Energy Group Inc. and increased its authorized share capital to 300,000,000 shares prior to issuing shares in exchange for the acquisition of the Seawind Companies.  At or prior to the closing of the Seawind acquisition, the Company anticipates increasing the members of the Board of Directors.

The company will need around 19 million usd

The Company will require no less than $2,000,000 in additional funding in order to conduct proposed operations for the next year.  Should the Company fail to raise such funds, the Company will not be able to commence construction of the solar power plants. In order to commence construction on all of the Company’s currently contemplated projects, the Company would be required to raise 15,000,000 Euros (approximately $19,220,000) to acquire definitive licenses to own and operate solar parks, and then organize construction bridge loans to pay for the construction of the solar parks.

I'm sure this will all play out nicely...