WindStream Technologies, Inc. (OTCPK:WSTI) announced a private placement of 1,578,140 shares at a price of $0.35 per share for gross proceeds of $522,349 on August 29, 2014. WestPark Capital, Inc. will act as the placement agent to the transaction. The company will pay commissions and reimbursement of expenses of an aggregate of approximately $63,833 in connection with the issuance of such shares.

On September 22, 2014, the company announced that it has received the first tranche of the transaction.

On October 3, 2014, WindStream Technologies, Inc. closed the transaction.