This Amendment No. 1 (this “Amendment”) amends the statement on Schedule 13G filed on December 20, 2016 (the “Original Schedule 13G”) with respect to the Class A Common Stock, $.0001 par value per share (the “Common Stock”) of Real Goods Solar, Inc., a Colorado corporation (the “Company”). Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Original Schedule 13G. This Amendment amends and restates Item 2(a)-(c), Item 4 and Item 5 in their entirety as set forth below. |
Item 2 (c). | Citizenship This Schedule 13G is being filed on behalf of (i) Iroquois Capital Management L.L.C., a Delaware limited liability company (“Iroquois”), (ii) Richard Abbe, an individual who is a citizen of the United States of America (”Mr. Abbe”), and (iii) Kimberly Page, an individual who is a citizen of the United States of America (“Ms. Page,” together with Iroquois and Mr. Abbe, the “Reporting Persons”). The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. The principal business office of all of the Reporting Persons is 205 East 42nd Street, 20th Floor, New York, NY 10017. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. The information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 35,494,514 Shares outstanding as of December 23, 2016 as reported in the Company’s Proxy Statement on Schedule 14A, filed on December 30, 2016 plus 2,736,364 shares of Class A Common Stock issuable upon exercise of certain Reported Warrants. The number of Shares beneficially owned by the Reporting Persons as reported herein does not take into consideration the 1:30 reverse split of Shares which was consummated by the Company on January 25, 2017. Pursuant to the terms of the Reported Warrants, the Reporting Persons cannot exercise the Reported Warrants to the extent the Reporting Persons would beneficially own, after any such exercise, more than 4.99% or 9.99% of the outstanding shares of Common Stock (the “Blocker”), as provided in such Warrant, and the percentage set forth in Row 11 of the cover page for each Reporting Person gives effect to the Blocker. Consequently, as of the date of the event which requires filing of this statement, the Reporting Persons were not able to exercise certain of the Reported Warrants due to the 4.99% Blocker. Accordingly, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Class A Common Stock. As of the date of the event which requires filing of this statement, Iroquois Master Fund Ltd. (“Iroquois Master Fund”) held 186,194 shares of Class A Common Stock and Reported Warrants to purchase 1,600,000 shares of Class A Common Stock and Iroquois Capital Investment Group LLC (“ICIG”) held 165,854 shares of Class A Common Stock and Reported Warrants to purchase 1,136,364 shares of Class A Common Stock. Mr. Abbe has the sole authority and responsibility for the investments made on behalf of ICIG as its managing member and shares authority and responsibility for the investments made on behalf of the Fund with Ms. Page, each of whom is a director of the Fund. As such, Mr. Abbe may be deemed to be the beneficial owner of all shares of Class A Common Stock held by, and underlying the Reported Warrants (subject to the Blocker) held by, the Fund and ICIG. Iroquois is the investment manager for Iroquois Master Fund. |