North Coast Solar Stocks

December 7, 2009

STR Announces Partial Exercise of Over-Allotment Option

Filed under: STRI — Tags: , , , — Jason @ 4:00 pm

4:00 pm EST, Monday December 7, 2009

ENFIELD, Conn.–(BUSINESS WIRE)–STR Holdings, Inc. (STRI) today announced that the underwriters of its initial public offering of 12,300,000 shares, which closed on November 12, 2009, have partially exercised the over-allotment option granted by the selling stockholders and have purchased an additional 1,695,000 shares at the initial public offering price of $10 per share. The closing of the over-allotment option occurred today. STR will not receive any of the proceeds from the sale of the shares as a result of the exercise of the over-allotment option.

Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Cowen and Company, LLC, Jefferies & Company, Inc., Lazard Capital Markets LLC and Macquarie Capital (USA) Inc. acted as co-managers of the offering.

The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue 1B, New York, New York, 10010; telephone (800) 221-1037; or Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, New York 10004; telephone (866) 471-2526, facsimile (212) 902-9316 or by emailing prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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