Pegasus Continues to Back Lighting Science

Pegasus Partners has made another investment in Lighting Science Group (OTC BB: LSCG), this time by participating in an $18 million private placement. The firm and two of its operating advisors together purchased about 3.17 million shares of common stock for a total purchase price of $10.45 million. Lighting Science manufactures LED lighting solutions, and the raised capital will help the company continue its market expansion strategy. Pegasus has backed Lighting Science since 2007.