The selling stockholders may offer all or part of their shares for resale from time to time through public or private transactions, at either prevailing market prices or at privately negotiated prices. Pursuant to the Make Good Escrow Agreement dated February 25, 2008, by and among the Company, Roth Capital Partners, LLC, the investors set forth in Exhibit A thereto and Tri-State Title & Escrow, LLC (the Escrow Agreement), on April 29, 2009, the 1,000,000 shares of common stock were issued to the selling stockholders for no additional consideration other than their respective investment amounts paid to the Company in the private placement completed on Februas a result of theĬompanys failure to meet the after-tax net income target for the fiscal year ending Decemof $4,800,000. This prospectus relates to the sale by the selling stockholders identified in this prospectus of up to 1,000,000 shares of our common stock. 1,000,000 Shares of Common Stock Offered by Selling Stockholders SUBJECT TO COMPLETION, DATED JULY 1, 2009ĬHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC.
Accordingly, the registration fee was calculated as $18.97. The average of the bid and asked price was $0.34 per share. On June 26, 2009, the last reported bid price was $0.29 per share and the last reported asked price was $0.39 per share. As of the date of this prospectus, our common stock is quoted under the symbol ∼SOL.OB on the Over-the-Counter Bulletin Board (OTCBB). The registration fee was calculated pursuant to Rule 457(c). Pursuant to Rule 416 promulgated under the Securities Act of 1933, as amended, there are also registered hereunder such indeterminate number of additional shares as may be issued to the selling stockholders to prevent dilution resulting from stock splits, stock dividends or similar transactions. Title of Each Class of Securities to Be Registered See the definitions of a large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. Approximate date of commencement of proposed sale to the public: From time to time after the Registration Statement has been declared effective.