LOUISVILLE - Real Goods Solar Inc. in Louisville hopes to raise $9.25 million by selling 3.4 million shares of common stock.

Louisville-based Real Goods Solar (Nasdaq: RSOL) will issue 3,366,974 shares of Class A common stock at a per share price of $2.75 and warrants to purchase 1,683,488 shares of Class A common stock, with a term of five years from the closing date at the same price.

The company expects to receive net proceeds of approximately $8.4 million, after paying placement agent fees and offering expenses.

The company expects to close the offering no later than June 5.

Real Goods Solar installs solar power systems for commercial, residential and utility customers.

The company has 15 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division.